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527 Lake Ave 10,000 SF of Retail Space Available in Asbury Park, NJ 07712
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 10,000 SF | Negotiable | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $418,776 CAD/YR $34,898 CAD/MO | Modified Gross |
1st Floor, Ste 1
$25,000.00 Per Month Triple Net. 6,000 SF main dinning and kitchen area, 4,000 SF basement, 9100 SF built out roof deck with full bar, bathrooms and prep area. Landlord is seeking $500,000.00 in key money for fully built out space. A rare opportunity to lease a fully built-out, high capacity restaurant space in one of New Jersey's most vibrant and fast-growing coastal destination. Located on a prominent corner in downtown Asbury Park, just blocks from the boardwalk and New Jersey Transit, this venue is ready for immediate operation for the summer under new tenancy. This space features a fully built out kitchen, enormous rooftop deck designed to accommodate large crowds. With existing infrastructure for food, beverage and live entertainment, the property is ideal for seasoned operators looking to plug into the area's thriving hospitality scene. CALL NOW FOR MORE INFORMATION
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Anchor Space
- Central Air Conditioning
- Freezer Space
- Security System
- Corner Space
- High Ceilings
- Exposed Ceiling
- Secure Storage
- After Hours HVAC Available
- Basement
- Ventilation - Venting
- Smoke Detector
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 527 LAKE AVE, ASBURY PARK, NJ 07712
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Asbury Festhalle & Biergarten
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Asbury Festhalle & Biergarten | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 10,000 SF | Gross Leasable Area | 20,000 SF |
| Property Type | Retail | Year Built/Renovated | 1950/2014 |
| Property Subtype | Storefront |
| Total Space Available | 10,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 20,000 SF |
| Year Built/Renovated | 1950/2014 |
FEATURES AND AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
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527 Lake Ave
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