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TURN KEY RESTAURANT SPACE FOR LEASE 320 Railway Ave 1,401 SF of Retail Space Available in Granum, AB T0L 0A2
HIGHLIGHTS
- Fully updated building
- Located in charming Granum near foothills
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,401 SF | 3-10 Years | $42.83 CAD/SF/YR $3.57 CAD/SF/MO $60,005 CAD/YR $5,000 CAD/MO | Full Service |
1st Floor
Fully restored restaurant with mezzanine and basement storage. Includes utilities, taxes, and operational costs.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Turnkey restaurant space.
- Includes utilities.
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 | 1,401 SF | Gross Leasable Area | 1,401 SF |
| Property Type | Retail | Year Built | 1904 |
| Property Subtype | Restaurant |
| Total Space Available | 1,401 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 1,401 SF |
| Year Built | 1904 |
ABOUT THE PROPERTY
Are you looking to start your very own restaurant business in the inviting and growing Hamlet of Granum? Look no further. This fully restored and updated restaurant is available for lease. Nestled in the prairies close to the foothills, this has all that a country town has to offer, from the school, to a golf course, park and RV park. The building features updated plumbing, electrical systems, insulation, windows, roof, and more. Be sure to check out the virtual tour to fully immerse yourself in the inviting warmth that this space offers. The current restaurant, Country Stop, has been in operation for about three years and has created momentum and a steady customer base for the new lessee to take advantage of. The main floor has 1095 square feet with a mezzanine that offers an additional 306 sq/ft, while the low-ceiling basement offers 1400 sq/ft of storage space. It is a gross lease and includes all utilities, taxes and op costs. Contact your favourite agent for your exclusive in-person tour today and for more info.
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TURN KEY RESTAURANT SPACE FOR LEASE | 320 Railway Ave
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