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Milio's Sandwiches 1621 S 1st Ave 1,191 SF of Retail Space Available in Iowa City, IA 52240
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,191 SF | Negotiable | $23.03 CAD/SF/YR $1.92 CAD/SF/MO $27,432 CAD/YR $2,286 CAD/MO | Triple Net (NNN) |
1st Floor
Former Marcos endcap restaurant suite with 1191 sq. ft. and an outside dining patio is a great opportunity for your business. The exhaust hood, Ansul system, walk in cooler and freezer, ice machine and built-in counter stay. It's a great size for a quick-serve restaurant or specialty restaurant. There is additional kitchen equipment, tables and stools that are available at an additional cost from the former tenant. Located on 1st Ave in Iowa City with traffic counts of 12,200 cars per day. Ample common parking in front and in the rear of the building, convenient for employees & customers alike. Neighboring tenants include Java House, K&Q Nails, DonutLand, Muddy Feet Hot Yoga, & 2 Dogs Pub. Rent is just $16.50 NNN with a total gross monthly rent of $2,219.
- 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 MILIO'S SANDWICHES
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Daylight Donuts
- Donut Shop
- 471
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Daylight Donuts | Donut Shop | 471 | International |
PROPERTY FACTS
| Total Space Available | 1,191 SF | Gross Leasable Area | 4,504 SF |
| Property Type | Retail | Year Built | 2003 |
| Property Subtype | Fast Food |
| Total Space Available | 1,191 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 4,504 SF |
| Year Built | 2003 |
NEARBY MAJOR RETAILERS
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Milio's Sandwiches | 1621 S 1st Ave
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