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106-108 E Diamond Ave
3,060 SF of Retail Space Available in Gaithersburg, MD 20877
Highlights
- • Rare free-standing restaurant property in Montgomery County for sale
- • Dense surrounding residential population.
- • Excellent visibility from both E Diamond Ave and Russell Ave.
- • Turnkey, mint condition
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,060 SF | 3-10 Years | $53.38 CAD/SF/YR $4.45 CAD/SF/MO $574.55 CAD/m²/YR $47.88 CAD/m²/MO $13,611 CAD/MO $163,336 CAD/YR | Triple Net (NNN) |
1st Floor
2nd Generation turnkey restaurant space offers 2,380 SF on the first floor and an additional 680 SF on the lower level, located on a 0.39-acre lot in the heart of Olde Town Gaithersburg. Recently renovated in 2015, the property is zoned CBD and features 28+ surface parking spaces. With excellent visibility from both E Diamond Ave and Russell Ave, the space is easily accessible, with 24,755 vehicles passing daily and walking distance to the MARC-Gaithersburg Station. Surrounded by a dense residential population and offering flexible lease terms, this property is ideal for restaurant or other commercial uses, making it a prime location for any business looking to capitalize on high foot traffic and a vibrant community.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- • Rare free-standing restaurant property in Montgo
- • Excellent visibility from both E Diamond Ave and
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 FOR 106-108 E Diamond Ave , Gaithersburg, MD 20877
| Property Type | Retail | Year Built | 1977 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Gross Leasable Area | 3,060 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,060 SF |
| Year Built | 1977 |
| Parking Ratio | 10/1,000 SF |
About the Property
Property is located at the corner of E Diamond Ave and Russell Ave in the heart of Olde Town Gaithersburg. Average 24,755 vehicles pass E DiamondAve (cross Park Ave) daily. The site is within walking distance to the MARC-Gaithersburg Stations, half mile to Route 355/N Frederick Ave, and one mile only to I-270 highway
- Pylon Sign
Nearby Major Retailers
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Ben Marks -
John Lin -
CapStar Commercial Realty
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106-108 E Diamond Ave
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