Your email has been sent.
7533-7539 Monterey St 1,219 - 4,551 SF of Retail Space Available in Gilroy, CA 95020
HIGHLIGHTS
- Historic Building
- Gourmet Alley's anchor location
- Opportunity Zone Location
- Outdoor seating on roof terrace
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 7530 Gourmet Alley | 1,219 SF | 10’ | 3-5 Years | $37.69 CAD/SF/YR $3.14 CAD/SF/MO $45,944 CAD/YR $3,829 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 7533 Monterey | 3,332 SF | 22’ | 3-5 Years | $37.69 CAD/SF/YR $3.14 CAD/SF/MO $125,583 CAD/YR $10,465 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 7530 Gourmet Alley
We are principally seeking small plate street food concepts for the Gourmet Alley spaces. This space has been fully retrofitted to meet current building codes and is ready for us to work with you to design the space to meet your requirements and finishes. Once the design is complete, we can help you with processing your applications through the City of Gilroy and other governmental agencies. We are looking for a three to five year lease commitment and will grant options as well. We will provide the basic core improvements and will consider a tenant allowance for other desired improvements.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Private Restrooms
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 10’
- Located on Gourmet Alley
- Newly Renovated
1st Floor, Ste 7533 Monterey
We are principally planning for fast casual to fine restaurants or a food hall concept for the anchor location. This space has been fully retrofitted to meet current building codes and is ready for us to work with you to design the space to meet your requirements and finishes. Once the design is complete, we can help you with processing your applications through the City of Gilroy and other governmental agencies. We are looking for a three to five year lease commitment and will grant options as well. We will provide the basic core improvements and will consider a tenant allowance for other desired improvements.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Private Restrooms
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 22’
- Historic Building
- Access to Gourmet Alley and Monterey Street
- Outdoor Seating Available
- Exposed brick and high ceiling
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 | 4,551 SF | Gross Leasable Area | 9,000 SF |
| Property Type | Retail | Year Built | 1890 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 4,551 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 9,000 SF |
| Year Built | 1890 |
ABOUT THE PROPERTY
One of the historic buildings in downtown Gilroy, this building was originally built in 1890. We are nearing completion of a significant renovation in 2020 where we have been faithful to its history including the restoration of the deeply recessed entry that is framed by large framed plate glass and adding windows back into the second floor. This building has had a variety of uses over its long and storied history. Uses have included Espindola’s Grocery in the 20’s and 30’s. Other prominent uses includes First Robinson Hardware Company, the Music Tree and Mafalda's Bridal Shop. Today there are three commercial units and three residential units that will be available on the second floor. This building is the anchor location for the first phase of Gilroy's new downtown destination, Gourmet Alley. Named “Gourmet Alley” in 1984 after the heart of the world-renowned Gilroy Garlic Festival, this micro-district is centered in an alley in Gilroy’s historic downtown district. We are planning to offer restaurants, tap rooms, entertainment galore, shops, and a boutique hotel. We invite you to join us to celebrate the “stinking rose.”
- Signage
NEARBY MAJOR RETAILERS
Presented by
7533-7539 Monterey St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.