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95 S Main St 3,065 SF of Retail Space Available in Memphis, TN 38103
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 106 | 3,065 SF | 5-10 Years | $29.31 CAD/SF/YR $2.44 CAD/SF/MO $89,848 CAD/YR $7,487 CAD/MO | Modified Gross |
1st Floor, Ste 106
This is a retail condominium at 95 S Main Street. This unit is the former Local Gastropub space. It is 2 levels and 3065 Square Feet. This is fully built out 2nd Generation Restaurant/Bar space with Vent-Hood in place. Grade Level includes the main bar and dining area and 1 bathroom. The lower level includes the kitchen, office and a dining room and bar along with two restrooms. This space is also for sale at $695,000
- Listed rate may not include certain utilities, building services and property expenses
- Restaurant/Bar
- Downtown Memphis
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 95 S MAIN ST, MEMPHIS, TN 38103
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Harish Yakkala
- -
- 1
- -
- Henry Turley Company
- Real Estate
- 17
- Regional
- Local Gastropub
- Cocktail Bar
- 1
- -
- Rentrop & Geater PLLC
- Health Care and Social Assistance
- 1
- -
- S. Leigh Smith
- -
- 1
- -
- The Tankersley Clinic
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Harish Yakkala | - | 1 | - |
| Henry Turley Company | Real Estate | 17 | Regional |
| Local Gastropub | Cocktail Bar | 1 | - |
| Rentrop & Geater PLLC | Health Care and Social Assistance | 1 | - |
| S. Leigh Smith | - | 1 | - |
| The Tankersley Clinic | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,065 SF | Gross Leasable Area | 7,750 SF |
| Property Type | Retail | Year Built/Renovated | 1923/2005 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.13/1,000 SF |
| Total Space Available | 3,065 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 7,750 SF |
| Year Built/Renovated | 1923/2005 |
| Parking Ratio | 0.13/1,000 SF |
FEATURES AND AMENITIES
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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95 S Main St
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