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Former Olympic Pizza Complex: Restaurant Sale 134 Woodstock Ave 832 - 3,732 SF of Retail Space Available in Rutland, VT 05701
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 832 SF | 8’2” - 9’ | Negotiable | $14.06 /SF/YR $1.17 /SF/MO $11,698 /YR $974.83 /MO | Modified Gross | |
| 1st Floor, Ste South | 2,900 SF | - | Negotiable | $5.79 /SF/YR $0.48 /SF/MO $16,791 /YR $1,399 /MO | Triple Net (NNN) |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Specialty Space
- Highly Desirable End Cap Space
- Private Restrooms
- Finished Ceilings: 8’2” - 9’
1st Floor, Ste South
The Main floor, South Space, in this 5,096 sf bldg is 1,836 sf, plus the 1,063 sf refrigeration, freezer, storage and office space in the walk-out, drive-in basement. For a total Leaseable area of 2,900 sq. ft. on 2 floors, constituting the former 60-seat Olympic Pizza restaurant on 0.25 acre. It has recently installed heat pumps, augmented by an oil fired hot water furnace as back-up. As Owner also owns the adjoining 0.76-acre lot with bldg at 130 Woodstock Ave., parking on the combined 1.01 acres is shared with both bldgs on a first-come, first serve basis. The front portion of both lots is paved, and the rear is gravel and grass. No specific number of vehicles accommodated has been calculated, but it has always been sufficient to serve subject resaurant space when fully occupied.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Anchor Space
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Secure Storage
- After Hours HVAC Available
- Basement
- Wheelchair Accessible
- Great signage on 140-ft (U.S. Route 4) frontage
- Hookups for restaurant fixtures and appliances
- Rear deck outdoor seating in warm weather
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 | 3,732 SF | Gross Leasable Area | 4,620 SF |
| Property Type | Retail | Year Built | 2017 |
| Property Subtype | Freestanding |
| Total Space Available | 3,732 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,620 SF |
| Year Built | 2017 |
About the Property
3 Commercial Spaces For Lease at Olympic Pizza Plaza: A total of 4,800 sq. ft: 1) A 2,900 sf former Pizza Restaurant (accessible), licensed for over 50 seats: 2) 1,000 sf 1st floor Retail Space with high visibility and parking at your door; and 3) 900 sf on 2nd floor with large open area, 13'x 11.5' private office, handy storage room and en suite restroom; plus ample shared parking in the 0.76-acre lot; Asking Rents range from $625.00/mo., Modified Gross Rent, to $1,680.00/mo., NNN. (With Modified Gross Rent, Tenant pays just heat, electric, WiFi and Tenant's Ins. direct to vendors). Owner will rent the 2nd floor office/retail space of approximately 900 sq. ft., (rounded) Gross Area, separately for $625.00/mo., Modified Gross Rent, or Combined 1st and 2nd floor 1,900 sq. ft. for just $1,280.00/monthly. All rents are for the 1st year of a multi-year lease of at least 3 years. Owner will consider providing a Tenant Fit-up allowance for a lease of 5-years firm term or longer. Note: Front steps serving both 1st and 2nd floor entrances is being repaired.
- 24 Hour Access
- Signage
Nearby Major Retailers
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Former Olympic Pizza Complex: Restaurant Sale | 134 Woodstock Ave
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