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T&K Management LLC |
Suite B 8408 Georgia Ave 1,500 SF of Retail Space Available in Silver Spring, MD 20910
HIGHLIGHTS
- Extremely high drive-by and foot-traffic visibility.
- Only steps to the Silver Spring Metro Station and public bus access.
- Ample parking on and near the property.
- Suite B has a 7.5 ton HVAC package unit with gas heat servicing it, as well as 200amps.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste B | 1,500 SF | 11’ - 13’ | 5-15 Years | $54.96 /SF/YR $4.58 /SF/MO $591.58 /m²/YR $49.30 /m²/MO $6,870 /MO $82,440 /YR | Triple Net (NNN) |
1st Floor, Ste B
The current tenant is Velatis Chocolate Confectionary. The current use and occupancy is for Confectionary Retail. Space comes with dedicated parking in the back. High visibility location on Georgia Avenue in the heart of Downtown Silver Spring, MD. ADA Compliant.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Specialty Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Drop Ceilings
- Emergency Lighting
- Finished Ceilings: 11’ - 13’
- DDA Compliant
- Display Window
- Wheelchair Accessible
- Dedicated Parking
- Highly visible.
- High daily foot traffic.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,500 SF | Gross Leasable Area | 3,000 SF |
| Property Type | Retail | Year Built/Renovated | 1928/2009 |
| Property Subtype | Storefront | Parking Ratio | 2.33/1,000 SF |
| Total Space Available | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,000 SF |
| Year Built/Renovated | 1928/2009 |
| Parking Ratio | 2.33/1,000 SF |
ABOUT THE PROPERTY
Located in the heart of Downtown Silver Spring, 8408 Georgia Avenue, Suite B offers an exceptional opportunity for businesses seeking a high-visibility location. This 3,000-square-foot, street-level building, divided into two 1,500-square-foot suites, is currently home to Velatis Chocolate Confectionary, renowned for its premium caramels and chocolates. The property boasts dedicated parking in the back, ensuring convenience for both customers and employees. Strategically positioned on Georgia Avenue, this property benefits from significant foot traffic and easy accessibility. Major thoroughfares such as Colesville Road and the Capital Beltway (I-495) are nearby, facilitating seamless connectivity to the broader Washington, D.C. metropolitan area. Public transportation is also a strong selling point, with the Silver Spring Metro Station and multiple bus routes in close proximity. The surrounding area is a vibrant mix of business districts, residential neighborhoods, and retail hubs. Notable nearby businesses include Whole Foods Market and Regal Majestic Stadium 20, contributing to a bustling commercial environment. Additionally, the historic Silver Spring B&O Railroad Station is just a short distance away, adding a touch of historical charm to the locale. Key features of this retail space include its single-story construction, high-quality finishes, and excellent co-tenancy with a mix of national and local businesses. The property’s high visibility and dedicated parking make it an attractive option for retail operations looking to capitalize on the dynamic Silver Spring market.
- Signage
- Wheelchair Accessible
- Air Conditioning
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| State Hwy 97 | Bonifant St, S | 39,339 | 2022 | 0.03 mi |
| Georgia Avenue | Ellsworth Dr, NW | 34,852 | 2022 | 0.09 mi |
| Wayne Avenue | - | 14,263 | 2022 | 0.10 mi |
| Wayne Ave | Pershing Dr, SW | 13,886 | 2022 | 0.11 mi |
| Wayne Avenue | Pershing Dr, SW | 14,621 | 2022 | 0.11 mi |
| Georgia Avenue | - | 35,048 | 2022 | 0.12 mi |
| Fenton St | Easley St, S | 10,259 | 2022 | 0.16 mi |
| Colesville Rd | Ramsey Ave, SW | 40,470 | 2022 | 0.17 mi |
| Colesville Rd | Georgia Ave, SW | 32,099 | 2022 | 0.22 mi |
| 2nd Avenue | Fidler Ln, SE | 6,353 | 2022 | 0.22 mi |
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Alternate Exterior
Alternate Exterior
Parking
Parking
Retail Space
Retail Space
Retail Space
Kitchen Space
Kitchen Space
Kitchen Space
Kitchen Space
Kitchen Space
Back Office
Bathroom