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3221 Pico Blvd 2,250 SF of Retail Space Available in Santa Monica, CA 90405
HIGHLIGHTS
- 2nd Gen Restaurant
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,250 SF | 3-10 Years | $37.80 /SF/YR $3.15 /SF/MO $85,050 /YR $7,088 /MO | Triple Net (NNN) |
1st Floor
Second generation restaurant available for sale or lease in Sunset Park neighborhood of Santa Monica. Neighborhood favorites include UnUrban Coffee, Lares Mexican, The Upper West, Trader Joes, McCabes Guitars, Rae's Restaurant, The Brixton, Weary Livers, Gilbert's El Indio & Lunetta. Assets and late night beer & wine license may be available for purchase, inquire for details. No grease trap, however may be negotiable to qualified tenant on a long term lease. PARKING: Street parking only (9 hour meters) TERM: 3+ Years LEASE RATE: Only $7,000 per month, NNN (NNN's estimated at $2,158 per month) or NEW REAL ESTATE SALE PRICE: $2,095,000
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Kitchen
- New direct lease available from ownership
- Real estate also for sale
- Hood
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 | 2,250 SF | Gross Leasable Area | 2,250 SF |
| Property Type | Retail | Year Built | 1952 |
| Property Subtype | Storefront |
| Total Space Available | 2,250 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,250 SF |
| Year Built | 1952 |
ABOUT THE PROPERTY
3221 Pico Blvd, Santa Monica, CA 90405, is nestled in a vibrant area that offers a blend of convenience and coastal charm. The restaurant is surrounded by various retailers and grocers, including a Trader Joe's just a short walk away, making it an ideal spot for a quick bite after shopping. The location is also conveniently close to the I-10 freeway, providing easy access to other parts of Los Angeles. Just a few minutes’ drive from the iconic Santa Monica Pier and beaches, 3221 Pico Blvd is also near the trendy neighborhoods of Venice and Mar Vista, known for their eclectic mix of boutiques, cafes, and artistic flair. This prime location makes it a perfect dining destination for both locals and visitors.
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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3221 Pico Blvd
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