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374 Rantoul St 2,045 SF of Retail Space Available in Beverly, MA 01915
HIGHLIGHTS
- Heavy foot traffic
- Lots of natual light
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,045 SF | Negotiable | $23.47 /SF/YR $1.96 /SF/MO $47,996 /YR $4,000 /MO | Triple Net (NNN) |
1st Floor
The Mega Group has available for lease this open-concept Restaurant, situated in the heart of downtown Beverly. The full service kitchen includes hood with ansul system, grill, fryolators, stove, 2-food prep stations with refrigeration, sink, etc. The basement has finished walls and is fully operational. New walk-in cooler and freezer, 3 compartment sink, 3’X 3’ bay sink, hand washing sink, grease trap, etc. Location is on a heavily traveled Street that has been in the process of major revitalization and within two miles of Beverly Depot.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
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 374 RANTOUL ST, BEVERLY, MA 01915
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Prides 374 Rantoul Realty LLC
- Auto Maintenance/Oil Change
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Prides 374 Rantoul Realty LLC | Auto Maintenance/Oil Change | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,045 SF | Gross Leasable Area | 4,034 SF |
| Property Type | Retail | Year Built | 1890 |
| Property Subtype | Restaurant |
| Total Space Available | 2,045 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,034 SF |
| Year Built | 1890 |
ABOUT THE PROPERTY
The Mega Group has available for lease this open-concept Restaurant, situated in the heart of downtown Beverly. 374 Rantoul is virtually a turn-key opportunity. The premises is 2,046 +/- sq. ft. and handicap accessible. The dining room/bar area has lots of natural lighting and features a 100-year old Freedom Maine wood interior and red oak natural wood flooring. The full service kitchen includes hood with ansul system, grill, fryolators, stove, 2-food prep stations with refrigeration, sink, etc. The basement has finished walls and is fully operational. New walk-in cooler and freezer, 3 compartment sink, 3’X 3’ bay sink, hand washing sink, grease trap, etc. There is plenty of on street parking. Location is on a heavily traveled Street that has been in the process of major revitalization and within two miles of Beverly Depot. The building has Hardie board exterior w/ Cape Cod Impressions, vinyl front, & beautiful Pella window facing Rantoul Street. Inquire about the fixed asset inventory, pricing of assets and full liquor license.
- Bus Line
NEARBY MAJOR RETAILERS
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374 Rantoul St
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