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3862 Terrace St 3,500 SF of Retail Space Available in Philadelphia, PA 19128
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,500 SF | Negotiable | $15.42 /SF/YR $1.29 /SF/MO $53,970 /YR $4,498 /MO | Triple Net (NNN) |
1st Floor
Turn-Key Breakfast & Lunch Restaurant Opportunity. This is a fully built-out, turn-key breakfast and lunch restaurant located in a high-visibility space with a large dining room and efficient layout. Upon entry, guests are welcomed into a spacious dining area featuring fast, convenient keypad ordering systems and ample seating. The front of the restaurant includes large display counters, while coffee and beverage preparation areas are positioned behind the counters for efficient service. To the right side of the space, there is a dedicated office and storage room. On the left, the restaurant offers two ADA-compliant bathrooms. The layout provides plenty of room for dining tables and customer comfort. Toward the back, the property features a fully equipped commercial kitchen, including: Walk-in refrigerator, Stand-up freezers, Ovens, Commercial hood system. Extensive commercial equipment. Dishwasher (owned and included in the sale). Please refer to photos for additional details. The building owner is currently operating the business and is open to a new lease proposal. Lease rate: $4,500 per square foot + NNN. All buyers must provide Proof of Funds to schedule a showing. Do not disturb employees or operations at the location Contact me for additional details and confidential inquiries.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Mannyunk
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 | 3,500 SF | Gross Leasable Area | 3,500 SF |
| Property Type | Retail | Year Built | 1940 |
| Total Space Available | 3,500 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,500 SF |
| Year Built | 1940 |
Nearby Major Retailers
Contact the Leasing Agent
3862 Terrace St