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8-10 Cotton St 2,303 - 4,606 SF of Retail Space Available in Portland, ME 04101
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,303 SF | Negotiable | $27.22 CAD/SF/YR $2.27 CAD/SF/MO $62,689 CAD/YR $5,224 CAD/MO | Modified Gross | ||
| 2nd Floor | 2,303 SF | Negotiable | $27.22 CAD/SF/YR $2.27 CAD/SF/MO $62,689 CAD/YR $5,224 CAD/MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,606 SF of adjacent space
- Central Air and Heating
2nd Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 4,606 SF of adjacent space
- Central Air and Heating
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 | 4,606 SF | Gross Leasable Area | 4,606 SF |
| Property Type | Retail | Year Built | 1866 |
| Property Subtype | Restaurant | Parking Ratio | 4.34/1,000 SF |
| Total Space Available | 4,606 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,606 SF |
| Year Built | 1866 |
| Parking Ratio | 4.34/1,000 SF |
ABOUT THE PROPERTY
Beautiful, historic restaurant space in the heart of the Old Port near numerous hotels, shops, restaurants, and the Cross Insurance Arena. Recently renovated throughout and in excellent condition, ready for tenant’s occupancy. Situated on two floors providing flexible layouts and seating arrangements with open atrium and high ceilings. Private, enclosed patio seating during seasonal months. Staff parking available at market rates on-site with street parking and hourly parking available in adjacent lot. Kitchen equipment including 12-foot hood system and 130± SF walk-in cooler. See broker for more details. Lease Rate: $19.50/SF Modified Gross
NEARBY MAJOR RETAILERS
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8-10 Cotton St
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