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3243 N 3rd St 6,136 SF of Retail Space Available in Phoenix, AZ 85012
Highlights
- Indoor/Outdoor Design Blends Native Desert Flora with Modern Architecture
- Full-service Bar, Dining Room and Communal wine events area.
- Naturally Rusted Corrugated Panels and Steel Canopies
- 5 Total Buildings.
- Multiple Concepts/Uses Potentials
- One-of-a-Kind Collector Property
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,136 SF | Negotiable | $62.51 CAD/SF/YR $5.21 CAD/SF/MO $383,586 CAD/YR $31,965 CAD/MO | Triple Net (NNN) |
1st Floor
Kocour Company is pleased to offer this iconic restaurant building known as Ocotillo. Ocotillo is located at the corner of Third Street and Flower in Midtown Phoenix. The indoor/outdoor design blends native desert flora with modern architecture. The inviting indoor space has a full-service bar, dining room and a communal wine events area. Outdoors, you will find several unique spaces including the Ramada, the Flower Street patio, the Beer Garden, Lucy’s lawn and the Sidecar Cocktail Lounge. The buildings surround and compose a dramatic outdoor dining and event courtyard complete with lush shady landscaping and multiple patios. The property features a multitude of community space with enclaves of gathering spaces with an event lawn, communal tables, seating ramadas, and nook seating throughout the property. Naturally rusted corrugated panels and steel canopies carve the intimate sections of the indoor/outdoor compound. A second story cargo container also features office space. All Furniture, Fixtures and Equipment can be made available. Embraced by resident's valley wide, this legacy dining and event venue offers a truly authentic Phoenix, Arizona experience. Ocotillo is a one-of-a-kind collector property that will appreciate in time.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- High End Trophy Space
- Central Air Conditioning
- Freezer Space
- High Ceilings
- Drop Ceilings
- Exposed Ceiling
- Shower Facilities
- Owner/User Opportunity
- 5 Total Buildings.
- Large common areas in addition to multiple patios
- Multiple concepts/uses potentials
- Located in Mid-Town Phoenix with high employment.
- Unlike anything else in metropolitan Phoenix.
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 3243 N 3rd St, Phoenix, AZ 85012
- Tenant
- Description
- US Locations
- Reach
- Ocotillo
- Restaurant
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Ocotillo | Restaurant | 1 | Local |
Property Facts
| Total Space Available | 6,136 SF | Gross Leasable Area | 6,136 SF |
| Property Type | Retail | Year Built/Renovated | 1966/2010 |
| Property Subtype | Restaurant | Parking Ratio | 4.89/1,000 SF |
| Total Space Available | 6,136 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,136 SF |
| Year Built/Renovated | 1966/2010 |
| Parking Ratio | 4.89/1,000 SF |
About the Property
Kocour Company is pleased to offer this iconic restaurant building known as Ocotillo. Ocotillo is located at the corner of Third Street and Flower in Midtown Phoenix. The indoor/outdoor design blends native desert flora with modern architecture. The inviting indoor space has a full-service bar, dining room and a communal wine events area. Outdoors, you will find several unique spaces including the Ramada, the Flower Street patio, the Beer Garden, Lucy’s lawn and the Sidecar Cocktail Lounge. The buildings surround and compose a dramatic outdoor dining and event courtyard complete with lush shady landscaping and multiple patios. The property features a multitude of community space with enclaves of gathering spaces with an event lawn, communal tables, seating ramadas, and nook seating throughout the property. Naturally rusted corrugated panels and steel canopies carve the intimate sections of the indoor/outdoor compound. A second story cargo container also features office space. All Furniture, Fixtures and Equipment can be made available. Embraced by resident's valley wide, this legacy dining and event venue offers a truly authentic Phoenix, Arizona experience. Ocotillo is a one-of-a-kind collector property that will appreciate in time.
- 24 Hour Access
- Corner Lot
- Courtyard
- Restaurant
- Air Conditioning
Nearby Major Retailers
Presented by
Kocour Company
3243 N 3rd St
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