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11609-11613 Santa Monica Blvd
1,700 SF of Retail Space Available in Los Angeles, CA 90025
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,700 SF | Negotiable | $87.90 CAD/SF/YR $7.33 CAD/SF/MO $946.20 CAD/m²/YR $78.85 CAD/m²/MO $12,453 CAD/MO $149,438 CAD/YR | Triple Net (NNN) |
1st Floor
**DO NOT DISTURB CURRENT TENANT. SALE IS CONFIDENTIAL** **PLEASE CONTACT BROKER FIRST BEFORE GOING INTO THE RESTAURANT** Established in 2007, this restaurant is located on the bustling row of eateries on Santa Monica Blvd in the Sawtelle District. This highly desirable location boasts a diverse racial mix, a newly developed apartment complex, and numerous retail businesses in West Los Angeles. With easy access to both the 405 and 10 Freeways, it’s a prime spot for customers. The famous and trendy Sawtelle Blvd is just 4 blocks away. The rent will be $8,865 until September 2025. The lease term ends in September 2026, with an option to renew for an additional 5 years. The rent includes NNN and water. The parking spaces behind the building are currently being used as a shared patio with the coffee shop tenant next door as a response to COVID-19. A city meter parking facility at ground level is conveniently located just one block to the west. Beer and wine can be served during business hours from 11 am to 2 am. Currently, the seller only operates the business for dinner, but there is great potential for expanding into lunch service. The seller is now focusing on a new venture. All fixtures, furniture, and equipment will be delivered in AS IS condition. This is an asset sale. Asking price is $240,000.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
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 11609-11613 Santa Monica Blvd , Los Angeles, CA 90025
| Property Type | Retail | Gross Leasable Area | 2,912 SF |
| Property Subtype | Restaurant | Year Built | 2010 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,912 SF |
| Year Built | 2010 |
Nearby Major Retailers
-
Ken Manabe -
Sky Line Commercial Real Estate
Presented by
11609-11613 Santa Monica Blvd
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