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Cortona LLC |
Display Rental Rate as
Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
1st Floor | 2,100-7,023 SF | 10’ - 18’ | 5 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $11,705 /MO $140,460 /YR | Triple Net (NNN) |
Property includes a large outdoor patio with firepit for seating in addition to seating space indoors. The building has floor to ceiling windows on the North and East side for indirect passive lighting. Two bathrooms downstairs and two bathrooms upstairs. Second level could be used for additional seating or as office space.
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.
Total Space Available | 7,023 SF | Gross Leasable Area | 7,023 SF |
Min. Divisible | 2,100 SF | Year Built/Renovated | 1960/2015 |
Property Type | Retail | Parking Ratio | 5.5/1,000 SF |
Property Subtype | Restaurant |
Total Space Available | 7,023 SF |
Min. Divisible | 2,100 SF |
Property Type | Retail |
Property Subtype | Restaurant |
Gross Leasable Area | 7,023 SF |
Year Built/Renovated | 1960/2015 |
Parking Ratio | 5.5/1,000 SF |
Former bank building constructed in 1960's. Has served as a restaurant for 30 years, this property has been a neighborhood asset for downtown residents.
COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
---|---|---|---|---|
S 2nd St | Burnett Ave S, W | 9,737 | 2022 | 0.03 mi |
S 2nd St | Williams Ave S, W | 10,657 | 2022 | 0.03 mi |
Williams Ave S | S 2nd St, N | 3,732 | 2022 | 0.04 mi |
Burnett Ave S | Renton Tc Acrd, NW | 5,652 | 2022 | 0.07 mi |
Williams Ave S | S 2nd St, S | 1,785 | 2022 | 0.07 mi |
S 2nd St | Burnett Pl S, E | 10,363 | 2022 | 0.08 mi |
S 2nd St | Wells Ave S, W | 7,749 | 2022 | 0.09 mi |
Burnett Ave S | S 2nd St, S | 96 | 2022 | 0.09 mi |
S 3rd St | Williams Ave S, E | 10,586 | 2022 | 0.10 mi |
S 3rd St | Wells Ave S, E | 9,538 | 2022 | 0.10 mi |