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7955-7959 Melrose Ave 1,000 SF of Retail Space Available in Los Angeles, CA 90046
SUBLEASE HIGHLIGHTS
- Melrose strip location
- Second generation restaurant
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 7959 | 1,000 SF | Negotiable | $72.00 /SF/YR $6.00 /SF/MO $775.00 /m²/YR $64.58 /m²/MO $6,000 /MO $72,000 /YR | Triple Net (NNN) |
1st Floor, Ste 7959
Currently operating as a sandwich restaurant. Key money $120,000. Ideal for Poke, Salad Bar, Coffee Shop, Juice, etc. Fully built-out cold kitchen space with high 14-foot ceilings, built-ins, sinks, floor drains, fridges, accent lighting, bathroom, and more. Has a Customer Base!!
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Kitchen
- High Ceilings
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 | 1,000 SF | Gross Leasable Area | 2,925 SF |
| Property Type | Retail | Year Built | 1947 |
| Property Subtype | Storefront |
| Total Space Available | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,925 SF |
| Year Built | 1947 |
ABOUT THE PROPERTY
• Excellent frontage and visibility along Melrose Ave. • Ideal for attracting foot traffic and cross-shopping • In the heart of the Melrose shopping district
- Bus Line
- Restaurant
- Signage
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Melrose Ave | N Hayworth Ave, W | 25,847 | 2022 | 0.04 mi |
| N Fairfax Ave | Melrose Ave, S | 31,377 | 2022 | 0.09 mi |
| Melrose Ave | N Fairfax Ave, W | 29,841 | 2022 | 0.11 mi |
| N Fairfax Ave | Clinton St, S | 32,750 | 2022 | 0.13 mi |
| N Laurel Ave | Melrose Ave, N | 1,117 | 2022 | 0.14 mi |
| Clinton St | N Edinburgh Ave, E | 966 | 2022 | 0.18 mi |
| N Fairfax Ave | Willoughby Ave, N | 33,203 | 2022 | 0.21 mi |
| N Crescent Heights Blvd | Clinton St, S | 24,933 | 2022 | 0.21 mi |
| Clinton St | N Crescent Heights Blvd, W | 923 | 2022 | 0.21 mi |
| Willoughby Ave | N Hayworth Ave, W | 7,081 | 2022 | 0.23 mi |
NEARBY MAJOR RETAILERS
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