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496-500 S Lake Ave 1,697 SF of Retail Space Available in Pasadena, CA 91101
Highlights
- Large Store Front Windows
- High Ceilings
- 2nd Floor Mezzanine Area
- Located in South Lake Avenue District
- Central Heating and Air Conditioning
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 498 | 1,697 SF | Negotiable | $54.85 CAD/SF/YR $4.57 CAD/SF/MO $93,079 CAD/YR $7,757 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 498
Prime restaurant/retail opportunity on South Lake Avenue! This 3rd-generation food-use space is ideally suited for a restaurant or café concept. The previous tenant operated a boba tea shop, and prior to that the space was home to a franchised sandwich store. The premises include a walk-in freezer, small Type II hood, prep and service counter, required kitchen sinks, and storage areas. An additional office space is located on the second floor. $25,000 key money is required for existing improvements and FF&E. Excellent opportunity for a restaurant operator looking to establish a presence in a high-demand location. Please contact the broker for additional details and to schedule a showing. Total monthly rent, including NNN, starts at $6,872.85.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air and Heating
- Recessed Lighting
- Plug & Play
- Wheelchair Accessible
- South Lake Shopping District
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 | 1,697 SF | Gross Leasable Area | 3,395 SF |
| Property Type | Retail | Year Built/Renovated | 1952/2005 |
| Property Subtype | Restaurant |
| Total Space Available | 1,697 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,395 SF |
| Year Built/Renovated | 1952/2005 |
About the Property
This retail building is located in Pasadena's vibrant South Lake District, an area teeming with restaurants and a diverse mix of retailers. The property enjoys proximity to Caltech and is surrounded by densely populated residential neighborhoods, making it an ideal location for businesses seeking a dynamic and accessible setting. Prime restaurant/retail opportunity on South Lake Avenue! 498 S. Lake Ave. is a 3rd-generation food-use space is ideally suited for a restaurant or café concept. The previous tenant operated a boba tea shop, and prior to that the space was home to a franchised sandwich store. The premises include a walk-in freezer, small Type II hood, prep and service counter, required kitchen sinks, and storage areas. An additional office space is located on the second floor. $25,000 key money is required for existing improvements and FF&E. Excellent opportunity for a restaurant operator looking to establish a presence in a high-demand location. Please contact the broker for additional details and to schedule a showing.
- Bus Line
- Signalized Intersection
Nearby Major Retailers
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496-500 S Lake Ave
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