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538 Willett Ave 2,000 SF of Retail Space Available in Port Chester, NY 10573
HIGHLIGHTS
- Dual revenue streams
- Entertainment infrastructure
- Capacity for 140 guests
- Fully equipped professional kitchen
- Significant barriers to entry
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,000 SF | 16’ | 15 Years | $42.00 /SF/YR $3.50 /SF/MO $84,000 /YR $7,000 /MO | Triple Net (NNN) |
1st Floor
A Thriving Location anchored by a long term lease. Live Music Venue & Restaurant BUSINESS FOR SALE. A well-loved , operating business combining dining and live entertainment. Dual Revenue Model. Income streams from both food/beverage and ticket/cover sales. Key assets Include all furniture, fixtures and fully equipped, professional grade kitchen; 12' Hood, 48" Grill, 2 Fryers, 6 burner Salamander, Brand new dishwasher, 20' cleaning area, 7'X9' walk in. Existing Good Will and customer lists.Secure your future with a log-term lease and favorable rent.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 16’
- Basement
- Dual revenue streams
- Fully equipped professional kitchen
- and entertainment infrastructure
- Significant barriers to entry
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 538 WILLETT AVE, PORT CHESTER, NY 10573
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- D'leee's Doors & Locks
- Retailer
- 1
- -
- El Mercado Hispano
- Supermarket
- 1
- -
- Ho Sai Gai Lin's Corp
- Restaurant
- 1
- -
- La Marqueta
- Public Administration
- 1
- -
- Lyon Park Pharmacy Inc
- Retailer
- 1
- -
- Nail Palace
- Salon/Barber/Spa
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| D'leee's Doors & Locks | Retailer | 1 | - |
| El Mercado Hispano | Supermarket | 1 | - |
| Ho Sai Gai Lin's Corp | Restaurant | 1 | - |
| La Marqueta | Public Administration | 1 | - |
| Lyon Park Pharmacy Inc | Retailer | 1 | - |
| Nail Palace | Salon/Barber/Spa | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,000 SF | Gross Leasable Area | 15,648 SF |
| Property Type | Retail | Year Built/Renovated | 1930/2022 |
| Property Subtype | Storefront | Parking Ratio | 2.3/1,000 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 15,648 SF |
| Year Built/Renovated | 1930/2022 |
| Parking Ratio | 2.3/1,000 SF |
ABOUT THE PROPERTY
Music Venue and fully equip’d Restaurant Business for sale with long term lease. Ideal also for aspiring food operator.A Thriving Location anchored by a long term lease.Located in the heart of Downtown Port Chester Entertainment District. A vibrant, diverse and growing Westchester County Village.Port Chester serves as Westchester County’s Entertainment Hub. Robust Demographics & Clientele.Benefit from the area’s established music and nightlife culture. Driven by local residents and regional visitors from Port Chester, Rye, Greenwich (CT) and surrounding affluent communities A Dual Established Revenue Stream PowerhouseDual Revenue Model Income streams from both food/beverage and ticket/cover salesGrowing Revenue Year over Year Capacity: 140 Kitchen: Fully Equipped, professional grade kitchen with walk-in refrigerator, Hood systemKey Assets All Furniture, Fixtures and Kitchen Equipment Existing Good Will and customer lists. Turnkey operation ready for immediate takeover. Untapped Growth Potential Expand Hours: Opportunity to increase revenue by adding lunch service, opening earlier on weekends. Private Events: Market the venue for corporate events, weddings and private parties. Booking Optimization: Refine the music calendar to target new demographics or higher ticket acts. Catering: Launch an off-site catering division to leverage professional kitchen. The Opportunity: Stability and Growth Secure Your Future with a Long-Term Lease Lease Term: Rare and highly valuable Two -5 year Option to renew Favorable rent Ideal Buyer Experienced Restauranteur looking for high-volume operation. Music promoter seeking a flagship, established venue. Investor looking for a stable business with a significant barrier to entry. (due to licensing and build-out costs) Confidential Inquiries Welcome Offering Price: $349,000 Confidential Sale - Do Not Disturb Management or Staff Contact Gena DiDonato today to schedule a private viewing. Take the Stage in Port Chester, NY
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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538 Willett Ave
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