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71178 Highway 21 3,500 SF of Retail Space Available in Covington, LA 70433
SUBLEASE HIGHLIGHTS
- Great Opportunity to Lease Restaurant Space
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 100 | 3,500 SF | May 2027 | $17.00 /SF/YR $1.42 /SF/MO $59,500 /YR $4,958 /MO | Triple Net (NNN) |
1st Floor, Ste 100
High visibility current established resturant wanting to sub-lease the remaining term that expires December 31, 2026. The remaining term would let sub-tenant test the site for about a year. Asking $175,000 for the furniture and equipment. Space is in excellent condition and built out with industrial look of open ceiling all colored white giving impression of very large space. Plenty of natural light flood the space with all the full pain glass. Very nice bar with combination of tables, chairs and booths. Kitchen area has prep space, hood, walk-in freezer, cooler, office and restroom. Sub-tenant to pay NNN charges $4.00 per square foot plus utilities. Some restrictions apply. Please do not discuss with employees. Contact agent for viewing and more details.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Location
- Visibility
- Excellent Condition
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 71178 HIGHWAY 21, COVINGTON, LA 70433
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Kung Fu Tea
- Drinks/Juices
- 444
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Kung Fu Tea | Drinks/Juices | 444 | International |
PROPERTY FACTS
| Total Space Available | 3,500 SF | Gross Leasable Area | 4,208 SF |
| Property Type | Retail | Year Built | 2022 |
| Property Subtype | Restaurant |
| Total Space Available | 3,500 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,208 SF |
| Year Built | 2022 |
FEATURES AND AMENITIES
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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71178 Highway 21
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