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(Formerly Triumph Brewing) 400 Union Square Dr 11,280 SF of Retail Space Available in New Hope, PA 18938
Space Availability (1)
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- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,280 SF | Mar 2034 | $26.60 /SF/YR $2.22 /SF/MO $300,048 /YR $25,004 /MO | Double Net |
1st Floor
Premier location in historic downtown New Hope Borough, this combination restaurant/brewery space has been a major attraction for locals and the tourists that flock to town for over two decades. Seating capacity for 230 indoors plus an outdoor patio (seating for 70) which overlooks the historic train station, this location is the anchor of the Union Square complex (a historic redevelopment) featuring exposed brick and steel and rustic wood beams combined with modern architectural accents. Three distinct dining areas across two levels and a huge bar that offers 80+ feet of linear bar top and seats for over 40, three sets of beer taps and three service/POS stations. The fully equipped brewhouse is a 10 barrel system with Newlands 6 fermenters, feeding directly into refrigerated storage and straight to the bar (no kegs to deal with), and the opportunity comes with a full PA R liquor license (to be purchased separately) with Sunday sales and amusement permits. The primary kitchen offers a 20 foot line under hood and over 1,700 SF of food prep and storage areas. A secondary kitchen in the lower level offers additional service prep and cooking with a 12' line under hood and large walk-in refrigerator/freezer. All new major mechanical improvements including glycol chiller, evaporators, condensers, boiler, etc. Truly a once-in-decades opportunity for a turn key restaurant/brewery in one of the most vibrant and thriving river towns in the greater Delaware Valley. PA liquor license #RS21400 to be purchased separately, all FF&E (kitchen, brewhouse, and dining rooms) subject to side purchase agreement, existing lease under a sublease agreement subject to Landlord's approval
- Sublease space available from current tenant
- Lease rate does not include certain property expenses
- 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.
Property Facts
| Total Space Available | 11,280 SF | Gross Leasable Area | 11,280 SF |
| Property Type | Retail | Year Built | 2003 |
| Property Subtype | Bar | Parking Ratio | 38.12/1,000 SF |
| Total Space Available | 11,280 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 11,280 SF |
| Year Built | 2003 |
| Parking Ratio | 38.12/1,000 SF |
Nearby Major Retailers
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(Formerly Triumph Brewing) | 400 Union Square Dr
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