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315 N Bell Blvd 3,688 SF of Retail Space Available in Cedar Park, TX 78613
SUBLEASE HIGHLIGHTS
- The Bell District in Cedar Park is a major mixed-use development transforming the old Bell Boulevard corridor into a vibrant and dense population.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,688 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $73,760 /YR $6,147 /MO | Triple Net (NNN) |
1st Floor
Business for sale at $180,000.00. The base rent is $20/sf and the base rent with NNN is about $9000/month. The owner of the business is also the owner of the building. So the lease will be the first time ever. The owner will not pay buyer agent's commission. Commercial application fee $100 per application. Admin fee $1,000 per property. Please note the property has a patio that comes with the lease without charging the base rent or NNN The dimension is 30x47 ft. The inside is permitted for 99 seats. 40 parking spaces available, with two walk-in fridge/freezer units.
- 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
- Space is an outparcel at this property
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 315 N BELL BLVD, CEDAR PARK, TX 78613
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Kim Phung Restaurant
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Kim Phung Restaurant | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 3,688 SF | Gross Leasable Area | 3,688 SF |
| Property Type | Retail | Year Built/Renovated | 1973/2008 |
| Property Subtype | Restaurant | Parking Ratio | 10.85/1,000 SF |
| Total Space Available | 3,688 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,688 SF |
| Year Built/Renovated | 1973/2008 |
| Parking Ratio | 10.85/1,000 SF |
ABOUT THE PROPERTY
DEAL STRUCTURE (No Real Estate Included) What’s for sale: Business build-out + equipment assets only Asset purchase price: $150,000 Building: NOT for sale (lease only) LEASE ECONOMICS Base Rent: $20 / SF (cheapest in the area) NNN: $10 / SF (cheapest in the area) Total Base Rent and NNN: $30 / SF Monthly Rent (Base + NNN): $9,000 Upfront Costs After Asset Purchase Paid at or before lease assignment/approval: Item Amount Security Deposit (1 month rent) $ 9,000 Application Fee (to Listing Agent) $ 150 per application (each tenant) Admin Fee (Listing Agent) $ 1,000 Total Upfront Lease/Admin Costs $ 10,150 TOTAL CASH REQUIRED TO TAKE OVER THE RESTAURANT BUSINESS Category Amount Business Assets Purchase $ 150,000 Deposit + Fees $ 10,150 Total Initial Cash Outlay $ 160,150 Ongoing Monthly Obligation Monthly Rent (Base + NNN): $9,000 Paid directly to the Landlord SUMMARY SNAPSHOT Buy-in: $ 150,000 assets only All-in to close: $ 160, 150 Monthly base rent and NNN $ 9,000 No ownership of real estate Rent term 5 years and 5 years optional The tenant must have good credit scores, other income or asset, and experience.
- Dedicated Turn Lane
- Pylon Sign
NEARBY MAJOR RETAILERS
Presented by
Ameriblue Homes
315 N Bell Blvd
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