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Prime Restaurant Space 534 Saint Louis St 2,880 - 11,520 SF of Retail Space Available in New Orleans, LA 70130
SUBLEASE HIGHLIGHTS
- In the heart of the French Quarter.
- Surrounded by major hotels, tourist attractions, and high foot traffic
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,880 SF | Oct 2027 | $43.62 CAD/SF/YR $3.64 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 2,880 SF | Oct 2027 | $43.62 CAD/SF/YR $3.64 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | Triple Net (NNN) | ||
| 3rd Floor | 2,880 SF | Oct 2027 | $43.62 CAD/SF/YR $3.64 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | Triple Net (NNN) | ||
| 4th Floor | 2,880 SF | Oct 2027 | $43.62 CAD/SF/YR $3.64 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | Triple Net (NNN) |
1st Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
2nd Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
3rd Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
4th Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
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 | 11,520 SF | Gross Leasable Area | 11,520 SF |
| Property Type | Retail | Year Built/Renovated | 1825/2023 |
| Property Subtype | Restaurant |
| Total Space Available | 11,520 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 11,520 SF |
| Year Built/Renovated | 1825/2023 |
ABOUT THE PROPERTY
Prime Restaurant Opportunity in the heart of the French Quarter, which includes Furniture, Fixtures & Equipment on site. This also includes possible grace periods for business licenses such as restaurant occupancy and liquor. Currently built-out to operate as a nice restaurant with a bar, this is an excellent opportunity for a new or established restaurant concept to move in and expedite its launch. The prior operator made a significant investment of over $1.3 million upgrading the facility. This includes HVAC, plumbing, electrical, flooring, and finishes, etc. This building has three levels of restaurant space with a sizable outdoor balcony and an attic, which is built out for complementary office and storage spaces. There is an iconic glass elevator car in the center of the restaurant, which was a feature of the prior long-running NOLA restaurant by Emeril Lagasse before transitioning to Boulevard American Bistro. The first floor features a sizable bar area with dining, a large open kitchen, and restrooms. The second level features the main dining area opening to the first floor along with a sizable outdoor balcony, a kitchen, a bar, and restrooms. The third level features two rooms that can accommodate private parties of up to 35 & 40 guests or may be combined for a capacity of 75 for a seated event along with a large wine cellar, a kitchen, and restrooms.
- Restaurant
- Security System
- Wheelchair Accessible
- Balcony
NEARBY MAJOR RETAILERS
Presented by
Compass
Prime Restaurant Space | 534 Saint Louis St
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