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506 Broadway 5,150 SF of Retail Space Available in Fargo, ND 58102
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,150 SF | Negotiable | $1.20 /SF/YR $0.10 /SF/MO $6,180 /YR $515.00 /MO | Triple Net (NNN) |
1st Floor
Restaurant for sub-lease or business for sale.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
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 506 BROADWAY, FARGO, ND 58102
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Cowboy Jack's
- Restaurant
- 14
- Regional
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Cowboy Jack's | Restaurant | 14 | Regional |
PROPERTY FACTS
| Total Space Available | 5,150 SF | Gross Leasable Area | 5,150 SF |
| Property Type | Retail | Year Built/Renovated | 1914/2019 |
| Property Subtype | Restaurant |
| Total Space Available | 5,150 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,150 SF |
| Year Built/Renovated | 1914/2019 |
ABOUT THE PROPERTY
Amazing opportunity to own and operate a bar and restaurant in the heart of downtown Fargo! This turn-key space features high traffic counts, high visibility and great access, along with the best patio in all of downtown! • Includes all equipment (full list in the brochure) • Class A Liquor License (Transfer must be approved by City of Fargo) • Franchise agreement is transferable but not required • Inventory must be negotiated separately • Property Lease or Purchase must be negotiated separately For additional information and details, a Non-Disclosure Agreement (‘’NDA’’) must be signed by potential Buyer.
NEARBY MAJOR RETAILERS
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506 Broadway
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