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600 W King St 4,248 SF of Retail Space Available in Hillsborough, NC 27278
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,248 SF | Negotiable | $36.70 CAD/SF/YR $3.06 CAD/SF/MO $155,902 CAD/YR $12,992 CAD/MO | Triple Net (NNN) |
1st Floor
Restaurant Business for Sale with Leasable Property. Asking price of ongoing business is $249,000.00. Asking Base Rent $26.50psf, NNN This is an ongoing business. Please do not disturb employees, patrons, or owner with questions regarding the sale and lease. Please direct all questions to broker. Additional confidential details available after completion of nondisclosure agreement. This spacious, recently renovated, 4,248 sq. ft. free-standing restaurant building offers a turnkey opportunity in a growing and highly desirable community. Guests are welcomed with expansive parking and a cozy covered porch, perfect for outdoor dining year-round. The fully equipped kitchen is built for volume and versatility, featuring ample hood space, griddles, fryers, a 10-eye range, dough mixer, and a deck oven. Refrigeration is abundant, with three large walk-in coolers and multiple prep units to support efficient service. Front-of-house highlights include two inviting dining rooms, one serving as a breakfast and lunch diner, and the other a pizzeria with a full bar, giving you flexibility to host everything from intimate dinners to large gatherings. This free-standing building, with its strong location, robust infrastructure, and welcoming atmosphere, this property is well-suited for a wide range of concepts—from upscale dining to a neighborhood bar and grill- without the cumbersome restrictions imposed by grocery anchored multi-tenant shopping centers.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Corner Space
- Exposed Ceiling
- Plug & Play
- Front Porch Dining Area
- Side Patio Dining
- Plenty of Parking
- Recent Renovations
- Freestanding Building
- Excellent Signage Opportunity
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 600 W KING ST, HILLSBOROUGH, NC 27278
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- The Village Diner
- Restaurant
- 1
- -
- West Hillsborough Pizzeria
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| The Village Diner | Restaurant | 1 | - |
| West Hillsborough Pizzeria | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 4,248 SF | Gross Leasable Area | 4,248 SF |
| Property Type | Retail | Year Built/Renovated | 1952/2024 |
| Property Subtype | Restaurant | Parking Ratio | 8.95/1,000 SF |
| Total Space Available | 4,248 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,248 SF |
| Year Built/Renovated | 1952/2024 |
| Parking Ratio | 8.95/1,000 SF |
FEATURES AND AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Air Conditioning
NEARBY MAJOR RETAILERS
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600 W King St
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