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Strega New Haven 1006 Chapel St 1,300 SF of Retail Space Available in New Haven, CT 06510
Sublease Highlights
- Prime Downtown New Haven location near Yale University
- Strong surrounding restaurant and retail corridor
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,300 SF | Negotiable | $42.50 /SF/YR $3.54 /SF/MO $55,250 /YR $4,604 /MO | Modified Gross |
1st Floor
Rare opportunity to purchase an established Italian restaurant concept located in New Haven’s downtown dining corridor. The business is for sale at $175,000 and the lease can be assigned. Sale includes FF&E; only LEASED REAL ESTATE INCLUDED in the sale. The restaurant is fully operational and has received international recognition with three consecutive Gambero Rosso awards. The space features an intimate dining room, curated wine program, and an owner designed layout deliberately scaled to emphasize guest experience over maximum table count. 900 SF on main level, 450 SF in basement for storage that includes coolers and freezers. The business currently operates five dinner services per week with no lunch service, presenting clear upside for a new operator to expand hours and revenue. The existing six table configuration was an intentional design choice; however, there is flexibility for a buyer to reconfigure the floor plan and increase seating if desired. The business has an established customer base and is positioned for a smooth transition. Seller financing and owner transition support will be discussed with qualified prospects. Lease is $4,600 a month all in + utilities and can be assigned. Confidentiality Notice: This is an active, operating business. Do not contact or solicit ownership or staff. All inquiries and tours must be scheduled exclusively through the listing broker, Christopher Lara, 203.522.2635.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Wi-Fi Connectivity
- After Hours HVAC Available
- Basement
- Fully built out restaurant with quality FF&E
- Established award winning Italian concept
- Opportunity to expand hours and seating
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 | 1,300 SF | Gross Leasable Area | 1,350 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2021 |
| Total Space Available | 1,300 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,350 SF |
| Year Built/Renovated | 1900/2021 |
About the Property
Located in Downtown New Haven near Yale University and Yale New Haven Hospital, the property sits within one of the city’s primary dining and retail corridors. The surrounding area includes a strong mix of restaurants, neighborhood retail, and nightlife that supports consistent foot traffic throughout the week. The location benefits from a dense daytime population driven by Yale, the medical district, and nearby offices, along with steady evening and weekend activity. The area is well established for both walk in traffic and destination dining.
- 24 Hour Access
- Restaurant
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Nearby Major Retailers
Presented by
Strega New Haven | 1006 Chapel St
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