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University Plaza 2005 N Arkansas Ave 3,000 SF of Retail Space Available in Russellville, AR 72802
HIGHLIGHTS
- University Plaza, located just to the north of the Arkansas Tech University Campus
- This property has excellent visibility
- just to the south of Interstate 40 in Russellville
- access to Arkansas Avenue via a lighted intersection, and high traffic counts with a good tenant mix
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2 | 3,000 SF | 3-5 Years | $12.00 /SF/YR $1.00 /SF/MO $129.17 /m²/YR $10.76 /m²/MO $3,000 /MO $36,000 /YR | Triple Net (NNN) |
2001 N Arkansas Ave - 1st Floor - Ste 2
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
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.
SELECT TENANTS AT UNIVERSITY PLAZA
- Anytime Fitness
- Lahuerta
- New China
PROPERTY FACTS
| Total Space Available | 3,000 SF | Frontage | 548’ on Arkansas Ave |
| Center Type | Strip Center | Gross Leasable Area | 23,776 SF |
| Parking | 200 Spaces | Total Land Area | 2.40 AC |
| Center Properties | 1 | Year Built | 1985 |
| Total Space Available | 3,000 SF |
| Center Type | Strip Center |
| Parking | 200 Spaces |
| Center Properties | 1 |
| Frontage | 548’ on Arkansas Ave |
| Gross Leasable Area | 23,776 SF |
| Total Land Area | 2.40 AC |
| Year Built | 1985 |
ABOUT THE PROPERTY
University Plaza, located just to the north of the Arkansas Tech University Campus, and just to the south of Interstate 40 in Russellville. This property has excellent visibility, access to Arkansas Avenue via a lighted intersection, and high traffic counts with a good tenant mix.
- Pylon Sign
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| N Arkansas Ave | Redhill Dr, S | 20,471 | 2018 | 0.07 mi |
| Arkansas | W Harrell Dr | 21,000 | 2017 | 0.07 mi |
| 7 | Lake Front Dr, S | 20,000 | 2020 | 0.23 mi |
| N Arkansas Ave | Lake Front Dr, S | 22,572 | 2021 | 0.24 mi |
| 7 | N el Paso Ave, NW | 15,000 | 2020 | 0.26 mi |
| N Arkansas Ave | N el Paso Ave, NW | 16,769 | 2021 | 0.26 mi |
| Not Available | - | 6,000 | 2017 | 0.28 mi |
| 40 | - | 4,800 | 2020 | 0.32 mi |
| I- 40 | N Arkansas Ave, E | 1,967 | 2021 | 0.36 mi |
| I- 40 | N Arkansas Ave, NW | 29,980 | 2022 | 0.36 mi |
NEARBY MAJOR RETAILERS
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ADDITIONAL PHOTOS
Building Photo
Building Photo