Recommendations

• Lease rate (traditional retail): $10.00/SF to $16.00/SF NNN
• Lease rate (micro-retail): $750/mo modified gross
• Façade upgrades to attract higher quality tenants
• Consider Tenant Improvement Allowance for qualified tenants
• Offer 30 days of free rent per year of initial term (up to 180 days)
• Minimum 3-year initial term for small shop retail, 10-year initial term for anchor and sub-anchor tenant, 1-year initial term for micro-retail

Tenant uses

• Grocery store
• Experiential retailers (social club, children’s indoor playground, etc.)
• Restaurants (full service and fast casual)
• Fitness
• Health and wellness
• Bakery
• Professional services
• Soft-goods
• Hardware
• Packaging and print stores