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755 Montauk Hwy 4,900 SF of Retail Space Available in Water Mill, NY 11976
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,900 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
“Global Branding Phenomenon” — Best Location on Planet Earth — Home to 10% of the World’s Billionaires — Shares Private Beach with Biggest Stars in the World” • Turnkey Restaurant — Events PLUS Residential Space (Entertainment Complex Capability) • 2,000 sq ft of Restaurant and Champagne Bar (Indoor seating for 85) • 2,000 sq ft of Residential Space • Over 55,000 sq ft of event grounds and private parking • Outdoor terrace and ground patio seating based on municipal approval • Building has all new roofing and decks • New fire alarm and carbon monoxide alarm tests completed, 6-year sprinklers pressure test also completed • Grounds surrounding restaurant complex – 1.25 acres with approximate parking area that holds 50-60 vehicles • Basement – 800 sq. ft. …. Wine storage, pantry, and refrigeration units within this lower level • Inn facilities on building second floor consisting of two bedrooms, two full bathrooms, kitchen, dining area which seats 4-6 people, living room, and 800 square foot sundeck/terrace (Separate outdoor stairway leading to sundeck) • Third floor inn facilities: Two bedrooms and one full bathroom • Property beautifully landscaped throughout
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Turnkey Restaurant
- New Fire Alarm
- Over 55,000 square feet of event grounds
- Private Parking
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 | 4,900 SF | Gross Leasable Area | 4,900 SF |
| Property Type | Retail | Year Built | 1991 |
| Property Subtype | Restaurant | Parking Ratio | 8.37/1,000 SF |
| Total Space Available | 4,900 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,900 SF |
| Year Built | 1991 |
| Parking Ratio | 8.37/1,000 SF |
ABOUT THE PROPERTY
• Turnkey Restaurant — Events PLUS Residential Space (Entertainment Complex Capability) • 2,000 sq ft of Restaurant and Champagne Bar (Indoor seating for 85) • 2,000 sq ft of Residential Space • Over 55,000 sq ft of event grounds and private parking • Outdoor terrace and ground patio seating based on municipal approval • Building has all new roofing and decks • New fire alarm and carbon monoxide alarm tests completed, 6-year sprinklers pressure test also completed • Grounds surrounding restaurant complex – 1.25 acres with approximate parking area that holds 50-60 vehicles • Basement – 800 sq. ft. …. Wine storage, pantry, and refrigeration units within this lower level • Inn facilities on building second floor consisting of two bedrooms, two full bathrooms, kitchen, dining area which seats 4-6 people, living room, and 800 square foot sundeck/terrace (Separate outdoor stairway leading to sundeck) • Third floor inn facilities: Two bedrooms and one full bathroom • Property beautifully landscaped throughout
- 24 Hour Access
- Bus Line
- Restaurant
- Accent Lighting
- Roof Terrace
- Storage Space
- Air Conditioning
- Balcony
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755 Montauk Hwy
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