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114 Tank Farm Rd 6,500 SF of Retail Space Available in San Luis Obispo, CA 93401
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,500 SF | Negotiable | $46.07 CAD/SF/YR $3.84 CAD/SF/MO $299,425 CAD/YR $24,952 CAD/MO | Triple Net (NNN) |
1st Floor
• 6,500± SF • $2.50-2.75 per SF, NNN • Turn-key Brewery/Distillery/Restaurant • Distilling, Brewing and Kitchen Equipment, Along with Fixtures Available Become one of the anchor tenants in the dynamic San Luis Obispo Market at Bonetti Ranch. Located at the corner of Tank Farm Road and South Higuera Street; one of San Luis Obispo’s major traffic corridors. The space is free-standing and is adjacent to the SLO Public Market courtyard with its many restaurants and retail neighbors. The lease space consists of an open two-story dining room, large fully equipped commercial kitchen, separate brewery tank area/dining area, an upstairs display distillery and private dining room with an elevator, and two equipped bars. One of the bars is located outside serving the wrap around patio dining area. The distillery set up can allow a prospective tenant the opportunity to save on attempting to purchase a liquor license in a very competitive environment. The space is approximately 6,500 square feet and can seat 130 guests in the current configuration. The Landlord is seeking for a new anchor restaurant concept and can be flexible in structuring rent and term for a qualified tenant. The SLO Public Market is across the street from two major grocery destinations, Trader Joe’s and Food for Less. The immediate area is also home to many of San Luis Obispo’s major employers and several large residential communities.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- 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.
PROPERTY FACTS
| Total Space Available | 6,500 SF | Total Land Area | 0.46 AC |
| Property Type | Retail | Year Built | 2022 |
| Property Subtype | Restaurant | Parking Ratio | 5.08/1,000 SF |
| Gross Leasable Area | 6,500 SF |
| Total Space Available | 6,500 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,500 SF |
| Total Land Area | 0.46 AC |
| Year Built | 2022 |
| Parking Ratio | 5.08/1,000 SF |
FEATURES AND AMENITIES
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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114 Tank Farm Rd
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