University Place - Office & Retail Space

5001 University Ave Madison, WI 53711

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FOR LEASE
Property Type:
Multi Tenant Office
Last Verified:
Aug 08, 2017

Highlights

  • Restaurant with drive thru at University & Whitney Way
  • Monument & building signage on University with 34,000 cars
  • Great access and visibility at stoplit intersection
  • Across from new Medical/office and apartment development

Description

The former Taco Bell is available at University & Whitney Way. Drive through, hood, grease trap, water heater, walk in & restrooms in place. Large dining area & kitchen. Building & monument signs available. Part of a 65,000 SF Center. Great visibility (34,000 cars) and lots of parking. CAM & Taxes are $3.50 PSF; tenant pays utilities and janitorial. Initial term & options limited to 9 years, tenant can be a part of new development after that.

Located at the corner of University Ave & Whitney Way across from the large new development that includes a UW Gastro Clinic, a dentist, new office space and apartments.

Building Size: 65000.0sq ft
Building Class: B
Lot Size: 0.0 acres

Units for Lease

Restaurant former Taco Bell
Lease Type: NNN
Price Per Sqft/Year: $18.0

Map of 5001 University Ave, Madison, WI, 53711

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.