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7455 Melrose Ave 3,143 SF of Retail Space Available in Los Angeles, CA 90046
Highlights
- Fully equipped second generation restaurant. Long line hood, walk in cooler and freezer, keg storage, bar, and all FF&E convey at no cost.
- Three distinct rooms. Main dining room, awning covered sidewalk cafe fronting Melrose with plumbed gas heaters, and an air conditioned rear patio.
- New direct lease with ownership.
- RBP parcel. Alcohol authorization runs administratively through City Planning with no CUB hearing.
- Full width operable french doors fold the dining room open to the sidewalk, giving a true indoor outdoor floor plan on Melrose Ave.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,143 SF | 10 Years | $74.74 CAD/SF/YR $6.23 CAD/SF/MO $234,895 CAD/YR $19,575 CAD/MO | Triple Net (NNN) |
1st Floor
Second generation restaurant, delivered fully built and fully equipped. The kitchen is in place and operational: long line hood, six burner range, fryers, walk in freezer, dedicated final preparation area, and dry storage. Front of house includes a built bar, a beer keg storage room, an employee locker room, and a separate office. The main dining room runs 22' by 37' with full width operable french doors along the Melrose frontage. The awning covered sidewalk cafe fronts Melrose directly with plumbed gas heaters already run. The rear patio is 19'3" by 23'7", covered and air conditioned, and works year round. Approximately 3,143 SF total including the covered patio and office. New direct lease with ownership at $4.50 per SF plus NNN of $0.69, 10 year term with a 5 year option. All FF&E is included and there is no key money, no goodwill, and no asset purchase. Who this fits. An operator with a defined culinary point of view who wants to open in months rather than years and would rather put capital into concept, staff, and marketing than into build-out cost. The RBP framework governs a sit down restaurant with continuous food service, table service, a 7am to 11pm operating window indoor and outdoor, and no entertainment component. It is built for a dinner led restaurant with a strong beverage program.
- 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
- Plug & Play
- After Hours HVAC Available
- Private Restrooms
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.
Site Plan
Select Tenants at 7455 Melrose Ave, Los Angeles, CA 90046
- Tenant
- Description
- US Locations
- Reach
- Eak Ramen
- Restaurant
- 1
- -
| Tenant | Description | US Locations | Reach |
| Eak Ramen | Restaurant | 1 | - |
Property Facts
| Total Space Available | 3,143 SF | Gross Leasable Area | 3,600 SF |
| Property Type | Retail | Year Built | 1939 |
| Property Subtype | Restaurant |
| Total Space Available | 3,143 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,600 SF |
| Year Built | 1939 |
About the Property
455 Melrose Avenue sits on the retail run between La Brea and Fairfax, the block that has defined Los Angeles street culture for four decades. What began as a punk and vintage corridor in the late seventies became the city's fashion spine and today anchors the global streetwear market, drawing a national audience across a mile and a half of frontage. The building is one block from Dr. Martens and Brooklyn Projects, and within a mile of The Grove and the Original Farmers Market. The trade area supports roughly 3,500 restaurant visits per day inside a half mile, across 104 restaurants and 27 bars. Dinner is the dominant daypart and weekday volume runs about 2.5 times weekend volume, which tells you this block is fed by locals rather than tourists. Median trip distance is 2.3 miles. Within one mile there are 45,718 residents, 29,548 daytime workers, average household income of $128,551, and $223.1M in annual restaurant and bar spend. Where the corridor is thin is the price point. Of the restaurants inside a half mile, fifty two operate under a $20 average check and twenty eight sit between $20 and $40. Only three reach $40 to $75 and nothing sits above it. The block is saturated in pizza, coffee, American, and cafe, and underserved in full service dining at a check in the high forties. A dinner led concept with beverage attached is the format this stretch is missing and the format the RBP framework is purpose built to support.
- Courtyard
- Fenced Lot
- Restaurant
- Signage
- Skylights
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Nearby Major Retailers
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7455 Melrose Ave
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