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Micro-brewery and Restaurant 3941 Erie St 4,350 - 8,700 SF of 4-Star Retail Space Available in Willoughby, OH 44094
HIGHLIGHTS
- 8700 SF modern two-story building
- Zoned as C-M for flexibility
- Prime location in DTW, Northeast Cleveland area
- Constructed in 2016
- A1A, A1C, D6 liquor license
- Versatile layout for retail/restaurant concepts
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,350 SF | Negotiable | $25.03 CAD/SF/YR $2.09 CAD/SF/MO $108,875 CAD/YR $9,073 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 4,350 SF | Negotiable | $25.03 CAD/SF/YR $2.09 CAD/SF/MO $108,875 CAD/YR $9,073 CAD/MO | Triple Net (NNN) |
1st Floor
All brewery and restaurant equipment included for tenant.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 8,700 SF of adjacent space
- Central Air Conditioning
- Freezer Space
- Security System
- Activity License
- Brewery and Restaurant Equipment--Move-in ready.
2nd Floor
All brewery and restaurant equipment included for tenant.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 8,700 SF of adjacent space
- Central Air Conditioning
- Freezer Space
- Security System
- Activity License
- Brewery and Restaurant Equipment--Move-in ready.
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 | 8,700 SF | Gross Leasable Area | 8,700 SF |
| Property Type | Retail | Year Built | 2016 |
| Property Subtype | Restaurant | Parking Ratio | 5.29/1,000 SF |
| Total Space Available | 8,700 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 8,700 SF |
| Year Built | 2016 |
| Parking Ratio | 5.29/1,000 SF |
ABOUT THE PROPERTY
Check out this PRIME LOCATION for an exceptional investment opportunity for purchase OR LEASE in Historic Downtown Willoughby! This stunning 8,700 SF modern two-story building was constructed in 2016 for a state of the art gastropub, micro brewery, and fine dining restaurant. Perfectly suited for a variety of retail, office, or entertaining business ventures. This venue is fully equipped and located adjacent to the Chagrin River near a high traffic intersection with high visibility on Erie Street off of Route 20. Some other features include a liquor license (A1A, A1C, D6), large open-concept kitchen, 2 full bars, brewery equipment, indoor seating up to 160, private office, restrooms on both levels, an elevator, and exclusive parking lot. The outdoor rooftop patio with fireplace is easily the best in the area, seating up to 75, overlooking the charming community of DTW. Experience Northeast Ohio's favorite destination for restaurants, bars, shopping, and year-round entertainment and activities! Price negotiable and will consider sale, lease, or land contract option with qualified parties.
- Accent Lighting
- Roof Terrace
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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Micro-brewery and Restaurant | 3941 Erie St
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