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650 Morro Bay Blvd 1,739 SF of Retail Space Available in Morro Bay, CA 93442
Highlights
- +/- 1,739 SF restaurant space + large outdoor dining area plumbed for gas heaters
- Excellent visibility on Morro Bay Blvd connecting HWY 1 to downtown and the beach
- Landlord to provide a $20,000 Tenant Improvement Allowance
- Ample on site parking
- Planned exterior modernization underway with new glass storefront system planned
- Existing Hood, ansel system and grease trap on site
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,739 SF | Negotiable | $57.14 CAD/SF/YR $4.76 CAD/SF/MO $99,371 CAD/YR $8,281 CAD/MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- 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 | 1,739 SF | Gross Leasable Area | 1,873 SF |
| Property Type | Retail | Year Built/Renovated | 1961/2026 |
| Property Subtype | Restaurant | Parking Ratio | 8.01/1,000 SF |
| Total Space Available | 1,739 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 1,873 SF |
| Year Built/Renovated | 1961/2026 |
| Parking Ratio | 8.01/1,000 SF |
About the Property
Coastal Restaurant Opportunity with Expansive Patio on Morro Bay Blvd Rare opportunity to lease a highly visible restaurant space along Morro Bay Boulevard, one of the city’s primary routes connecting Highway 1, downtown Morro Bay, and the waterfront. The ±1,739 SF space includes a large outdoor patio, ample parking, commercial hood & Ansul system, exterior grease trap, and rear service access. Ownership is planning major exterior improvements including a new glass storefront, pergolas, additional dining windows, and patio gas infrastructure for outdoor heating. The patio benefits from natural wind protection, creating a comfortable year-round outdoor dining environment. Ownership will provide a $20,000 Tenant Improvement Allowance. For well-qualified tenants, additional tenant improvement financing may be available and amortized over the lease term at an 8% interest rate, subject to landlord approval of tenant financials and lease structure. Asking Rent: $6,250/month Gross.
- Pylon Sign
- Restaurant
Nearby Major Retailers
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650 Morro Bay Blvd
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