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The Nectar's Building 188 Main St 17,188 SF of Retail Space Available in Burlington, VT 05401
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 17,188 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
VT Commercial is pleased to offer to the market this downtown location noted as one of the best hot spots in downtown. Previous tenant had a music venue and dance club, with food and two bars. There is so much history at this location. Come bring your concept to town. This three story space is available as “whole” offering. The top floor would make a nice office and green room for the performers. Some exposed high ceilings with a hip vibe, stage areas, DJ booth, full kitchen with hood system and walk in cooler. The occupancy load for the former Nectars was 220 and Metronome (The Lounge) was 218. **A new operator will need to verify new numbers with the fire marshal.
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.
SELECT TENANTS AT THE NECTAR'S BUILDING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Arete Counseling Services Llc
- Restaurant
- 1
- -
- Blue Wave Taekwondo School LLC
- Fitness
- 1
- -
- Eternity Web
- Consumer Electronics
- 1
- -
- Geteducated.com LLC
- Public Administration
- 1
- -
- Green Mountain Semiconductor, Inc.
- Professional, Scientific, and Technical Services
- 1
- -
- Mcca Enterprises Inc
- Professional, Scientific, and Technical Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Arete Counseling Services Llc | Restaurant | 1 | - |
| Blue Wave Taekwondo School LLC | Fitness | 1 | - |
| Eternity Web | Consumer Electronics | 1 | - |
| Geteducated.com LLC | Public Administration | 1 | - |
| Green Mountain Semiconductor, Inc. | Professional, Scientific, and Technical Services | 1 | - |
| Mcca Enterprises Inc | Professional, Scientific, and Technical Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 17,188 SF | Gross Leasable Area | 17,188 SF |
| Property Type | Retail | Year Built | 1899 |
| Property Subtype | Restaurant |
| Total Space Available | 17,188 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 17,188 SF |
| Year Built | 1899 |
NEARBY MAJOR RETAILERS
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The Nectar's Building | 188 Main St
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