|
|
Kokomo Shopping Center 2130-2166 E Markland Ave 1,000 - 58,000 SF of Retail Space Available in Kokomo, IN 46901
HIGHLIGHTS
- Center features brand new interiors and facade.
- Ample parking is featured with 7 spaces per 1,000 SF.
- Walmart Anchor produces the top 3% in sales of all Walmarts.
- Highly visible area with traffic counts close to 40,000 per day.
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 2136 | 20,000-40,000 SF | 20’ | 5 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | |
| 1st Floor, Ste 2172 | 1,200 SF | - | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $129.17 /m²/YR $10.76 /m²/MO $1,200 /MO $14,400 /YR | Triple Net (NNN) | |
| 1st Floor, Ste 2178 | 1,000-2,200 SF | - | 5 Years | $12.00 /SF/YR $1.00 /SF/MO $129.17 /m²/YR $10.76 /m²/MO $2,200 /MO $26,400 /YR | Triple Net (NNN) | |
| 1st Floor, Ste 2240 | 10,200 SF | - | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $8,500 /MO $102,000 /YR | Triple Net (NNN) | |
| 1st Floor, Ste Outlot | 4,400 SF | - | 5-10 Years | $16.00 /SF/YR $1.33 /SF/MO $172.22 /m²/YR $14.35 /m²/MO $5,867 /MO $70,400 /YR | Triple Net (NNN) |
2122-2240 E Markland Ave - 1st Floor - Ste 2136
Kokomo Shopping Center is conveniently located at the market’s growth area at East Markland Avenue and US 31 North. The Center is anchored by Super Wal-Mart, Big Lots, JoAnn Fabric, and Planet Fitness, and Shadow-Anchored by Meijer, Target and The Regional Mall. Nearby retailers include Hobby Lobby, Staples and Sam’s Club.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- 3 Loading Docks
- Central Air Conditioning
- High Ceilings
- Finished Ceilings: 20’
- Heavy daytime foot traffic
2122-2240 E Markland Ave - 1st Floor - Ste 2172
Kokomo Shopping Center is conveniently located at the market’s growth area at East Markland Avenue and US 31 North. The Center is anchored by Super Wal-Mart, Big Lots, JoAnn Fabric, and Planet Fitness, and Shadow-Anchored by Meijer, Target and The Regional Mall. Nearby retailers include Hobby Lobby, Staples and Sam’s Club.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Heavy daytime foot traffic
2122-2240 E Markland Ave - 1st Floor - Ste 2178
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
2122-2240 E Markland Ave - 1st Floor - Ste 2240
10,200 SF is a divisible Endcap in Vanilla Box Condition. Tenant Improvement Allowances are available.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Central Air Conditioning
- Heavy daytime foot traffic
2122-2240 E Markland Ave - 1st Floor - Ste Outlot
- Lease rate does not include utilities, property expenses or building services
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.
TENANTS AT KOKOMO SHOPPING CENTER
- Big Lots
- Jo-Ann Fabrics
- Planet Fitness
PROPERTY FACTS
| Total Space Available | 58,000 SF | Center Properties | 6 |
| Min. Divisible | 1,000 SF | Gross Leasable Area | 347,442 SF |
| Center Type | Community Center | Total Land Area | 63.25 AC |
| Parking | 1,034 Spaces | Year Built | 1992 |
| Total Space Available | 58,000 SF |
| Min. Divisible | 1,000 SF |
| Center Type | Community Center |
| Parking | 1,034 Spaces |
| Center Properties | 6 |
| Gross Leasable Area | 347,442 SF |
| Total Land Area | 63.25 AC |
| Year Built | 1992 |
ABOUT THE PROPERTY
45 minutes north of Indianapolis, Kokomo has recently won two state awards as community of the year. The center has also added 1,400 jobs. In the market's retail growth corridor near the new Rt. 31 bypass, the site has a 4-10,000 SF end cap and several small shops available. Brand new interiors, new facade and high visible sign-bands. Please join Super Walmart (Top 3% in sales of all Walmarts), Big Lots (35,643 SF), Jo-Ann Fabrics (20,700 SF), and Planet Fitness (20,200 SF). Nearby retailers include Hobby Lobby, Staples and JC Penney. Kokomo, located approximately 50 miles north of Indianapolis, Indiana, is home to many manufacturing facilities, including those of Daimler Chrysler, Haynes International, Syndicate Sales. Kokomo is the County’s retail, business, educational, medical and cultural center.
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Local | S Goyer Rd, E | 1,088 | 2020 | 0.19 mi |
| East Markland Avenue | Belvedere Dr, W | 10,925 | 2020 | 0.19 mi |
| E Markland Ave | Belvedere Dr, W | 10,587 | 2022 | 0.19 mi |
| East Vaile Avenue | S Goyer Rd, E | 1,064 | 2022 | 0.19 mi |
| South Reed Road | S Reed Rd, S | 21,788 | 2022 | 0.19 mi |
| S Reed Rd | E Vaile Ave, N | 40,198 | 2018 | 0.20 mi |
| 931 | S Reed Rd, S | 21,717 | 2020 | 0.25 mi |
| Local | S Plate St, E | 13,444 | 2020 | 0.31 mi |
| East Carter Street | Chip Ln, W | 2,276 | 2022 | 0.33 mi |
| Local | Chip Ln, W | 2,202 | 2020 | 0.34 mi |
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RETAIL |
||
|---|---|---|
| Verizon | Wireless Communications | 10 min walk |
| Circle K, Inc. | Convenience Market | 16 min walk |
| Dollar General | Dollar/Variety/Thrift | 18 min walk |
| Carpetland Usa | Floor Covering | 20 min walk |
ABOUT THE OWNER
MAP
ADDITIONAL PHOTOS
Center includes multiple national retailers
Ample Parking with Seven spaces per 1000 SF
Aerial
Exterior View
Brand new facades and interiors
Kokomo Shopping Center