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- LoopNet Team
225 9th Ave
San Mateo, CA 94401
Turn-Key Cafe or Deli Space For Lease · Property For Lease
·
35,780 SF
HIGHLIGHTS
- Current Cafe / Breakfast / Lunch / Boba Tea.
- Good pedestrian and car traffic count and visibility. Signalized Intersection.
- Walking Distance to Central Park and Caltrain Station
- Corner Suite with tall ceilings and lots of natural light.
- Existing cafe refrigeration equipment available.
- Daytime Employment within 1 Mile = 19,983, Average Household Income within 1 Mile = $170,730.
ABOUT THE PROPERTY
No Type 1 hood or grease trap in place, and uses that require these per the city/county not possible given CC&Rs. Ventless oven and ventless hood possible with city and county health department review. Previous tenant just closed the cafe (with breakfast, lunch and boba tea) due to a family care requirement in the East Bay. 718 useable square feet. Please call Alexander Kent, exclusive leasing broker to discuss your requirement. Various refrigerated display cases available for purchase at $20,000 total. Other potential uses: Offices, personal services, research services, repair services, retail. What’s included in the CAMs $3,500 base rent ($4.87/sf NNN) with 5% annual increases. Estimated $600 CAMs ($0.84/sf), but pass through of real expenses and can vary. CAMs include: Property tax Property insurance Property maintenance (not including interior suite maintenance which the tenant covers) as defined in the lease Common area janitorial (not including interior suite janitorial which the tenant covers to a first class level) Hot and cold water and sewer HVAC Garbage Tenants also pay utilities like electricity, gas if added, telecom, internet, security monitoring, and various liability insurance policies as defined in the lease. In this package, we’re willing to lend the existing equipment (approximate $20,000 in original value) as a part of a new lease with no warranty and no responsibility for maintenance from the landlord. The expresso machine is separately for sale for $3,000. Here’s the updated CAM expense. $0.84 per sf x 718 sf = $599.79 per month CAMs.
PROPERTY FACTS
| Property Type | Multifamily | Building Size | 35,780 SF |
| Property Subtype | Apartment | Year Built | 2006 |
| Apartment Style | Low-Rise |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Size | 35,780 SF |
| Year Built | 2006 |
