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TURNKEY RESTAURANT W/ BEER & WINE || MPK 1112 S Atlantic Blvd 2,768 SF of Retail Space Available in Monterey Park, CA 91754
Sublease Highlights
- Light key money required.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,768 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor
ASSET SALE/CAN CONVERT TO YOUR OWN CONCEPT: Well-established Japanese sushi restaurant space located on busy Atlantic Blvd in Monterey Park. Approximately 2,768 SF with seating for 76 guests. Features rare traditional tatami dining rooms (only ones in the city), creating a unique and authentic dining experience. Established in 1977 with a strong local reputation and loyal customer base. Sale includes all FF&E and a Type 41 ABC (Beer & Wine) license — fully turnkey location. Below-market rent of $6,370/month (including NNN). Light key money required. Excellent opportunity for an owner-operator or experienced restaurateur to acquire a long-standing, profitable location in a prime San Gabriel Valley corridor.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Plug & Play
- Light key money required.
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 TURNKEY RESTAURANT W/ BEER & WINE || MPK
- Tenant
- Description
- US Locations
- Reach
- State Farm
- Insurance
- 24,869
- National
| Tenant | Description | US Locations | Reach |
| State Farm | Insurance | 24,869 | National |
Property Facts
| Total Space Available | 2,768 SF | Gross Leasable Area | 6,922 SF |
| Property Type | Retail | Year Built | 1951 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.72/1,000 SF |
| Total Space Available | 2,768 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,922 SF |
| Year Built | 1951 |
| Parking Ratio | 0.72/1,000 SF |
About the Property
ASSET SALE/CAN CONVERT TO YOUR OWN CONCEPT: Well-established Japanese sushi restaurant space located on busy Atlantic Blvd in Monterey Park. Approximately 2,768 SF with seating for 76 guests. Features rare traditional tatami dining rooms (only ones in the city), creating a unique and authentic dining experience. Established in 1977 with a strong local reputation and loyal customer base. Sale includes all FF&E and a Type 41 ABC (Beer & Wine) license — fully turnkey location. Below-market rent of $6,370/month (including NNN). Light key money required. Listing Courtesy of Keller Williams R. E. Services Ashot Grigoryan
- Signage
- Signalized Intersection
Nearby Major Retailers
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TURNKEY RESTAURANT W/ BEER & WINE || MPK | 1112 S Atlantic Blvd
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