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Denny's Centereach Mall
5,000 SF of Retail Space Available in Centereach, NY 11720
Sublease Highlights
- High Traffic Mall Vicinity
- Freestanding Pad Site with Plenty of Parking on Major Roadway of Suffolk County
- Fully Built and Equipped Restaurant
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | Mar 2035 | $36.03 CAD/SF/YR $3.00 CAD/SF/MO $180,154 CAD/YR $15,013 CAD/MO | Modified Gross |
1st Floor
Fully Built Restaurant Space with seating for 150 guests on a very busy, high traffic Mall area. Freestanding pad site excellent for any type of Fast Food or Sit down Restaurant. Current Tenant sales are over $1.2M per year. THE ASKING KEY MONEY FOR THIS LOCATION IS $795,000. That is for the Below Market Lease, Practically new FF&E, Renovated Build out done in 2021, Signage, and all the other amenities that come along with a bustling restaurant business.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Fully Built Turn-Key Restaurant with 150 seats
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 Centereach Mall , Centereach, NY 11720
| Property Type | Retail | Total Land Area | 0.47 AC |
| Property Subtype | Restaurant | Year Built/Renovated | 2010/2021 |
| Gross Leasable Area | 5,000 SF | Parking Ratio | 4.6/1,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,000 SF |
| Total Land Area | 0.47 AC |
| Year Built/Renovated | 2010/2021 |
| Parking Ratio | 4.6/1,000 SF |
About the Property
THE ASKING KEY MONEY FOR THIS LOCATION IS $795,000. Fully Built Restaurant Space with seating for 150 guests on a very busy, high traffic Mall area. Freestanding pad site excellent for any type of Fast Food or Sit down Restaurant. Current Tenant sales are over $1.2M per year. The Key Money is for the Below Market Lease, Practically new FF&E, Renovated Build out done in 2021, Signage, and all the other amenities that come along with a bustling restaurant. Absolutely a turn key setup for any type of cuisine. To replicate or rebuild this entire restaurant space cost the Tenant over $1.75M. You can steal it for $795,000. With a very generous below market rent for another 12 years. Landlord would extend the Lease for a qualified operator or franchise.
- Restaurant
Nearby Major Retailers
Presented by
Denny's | Centereach Mall
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