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1541 Spring Garden St 1,200 SF of Retail Space Available in Philadelphia, PA 19130
HIGHLIGHTS
- College Destination
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200 SF | Negotiable | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $50,253 CAD/YR $4,188 CAD/MO | Triple Net (NNN) |
1st Floor
Restaurant Business for Sale - Prime Location Spring Garden Ave, High-Traffic Community College Area. An exciting opportunity to acquire a well-established restaurant in a prime location, situated in one of the most desirable, high-traffic areas near the bustling Spring Garden Avenue community college. This fully equipped establishment boasts an open-concept commercial kitchen that flows into a spacious dining area, providing an inviting atmosphere for customers. The property features a rear yard with a convenient shed for additional storage space, ideal for managing inventory. The basement offers further support with a walk-in refrigerator, prep sinks, and ample storage areas to facilitate smooth operations. High foot traffic in a sought-after community college area Open commercial kitchen setup with modern appliances Basement with walk-in refrigerator, prep sinks, and storage spaces. Rear yard and shed for added storage. Please refrain from disturbing current employees Proof of funds is required prior to scheduling a showing. This is a fantastic opportunity for an experienced restaurateur or investor looking to tap into a thriving community. Schedule your private showing today and take the first step toward owning this exceptional business! Contact us now to learn more or arrange a tour!
- Lease rate does not include utilities, property expenses or building services
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 1541 SPRING GARDEN ST, PHILADELPHIA, PA 19130
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Stockyard Sandwich Co
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Stockyard Sandwich Co | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,200 SF | Gross Leasable Area | 2,900 SF |
| Property Type | Retail | Year Built | 1915 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,900 SF |
| Year Built | 1915 |
ABOUT THE PROPERTY
Restaurant Business for Sale $60,000- Prime Location Spring Garden Ave, High-Traffic Community College Area. An exciting opportunity to acquire a well-established restaurant in a prime location, situated in one of the most desirable, high-traffic areas near the bustling Spring Garden Avenue community college. This fully equipped establishment boasts an open-concept commercial kitchen that flows into a spacious dining area, providing an inviting atmosphere for customers. The property features a rear yard with a convenient shed for additional storage space, ideal for managing inventory. The basement offers further support with a walk-in refrigerator, prep sinks, and ample storage areas to facilitate smooth operations. High foot traffic in a sought-after community college area Open commercial kitchen setup with modern appliances Basement with walk-in refrigerator, prep sinks, and storage spaces. Rear yard and shed for added storage. Please refrain from disturbing current employees Proof of funds is required prior to scheduling a showing. This is a fantastic opportunity for an experienced restaurateur or investor looking to tap into a thriving community. Schedule your private showing today and take the first step toward owning this exceptional business! Contact us now to learn more or arrange a tour!
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1541 Spring Garden St
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