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78 Market 4,649 SF of 4-Star Retail Space Available in Venice, CA 90291
HIGHLIGHTS
- Approved CUB
- Incredible 2nd Story Outdoor Terrace
- Saturated with Natural Light, Surrounded in Glass
- Voluminous Ceilings
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,649 SF | Negotiable | $51.00 /SF/YR $4.25 /SF/MO $237,099 /YR $19,758 /MO | Triple Net (NNN) |
1st Floor
Welcome to 78 Market Street, a warm and modern architectural masterpiece that offers an unparalleled dining experience. This newly constructed restaurant space with an approved alcohol CUB is in the heart of a PRIME Venice neighborhood, just half 1/2 block from the beach! Newly built from the ground up, this 4,600+ sq. ft. property sits on a high-visibility corner, directly across from the buzzworthy Neuhouse and amongst some of the most popular hotspots in LA - it is simply the perfect location for your restaurant. Outfitted with a blend of natural elements and glass that allow for an abundance of natural light and views, this incredibly curated space was built using top-quality materials and is ready for you to create the ultimate dining experience for your guests. Each floor has a fabulous indoor/outdoor flow for al fresco dining and enjoyment of the beautiful SoCal ambiance and ocean breeze. The 2-story space features a downstairs courtyard/eating space and a 2nd story private balcony that provides flexibility for additional dining, lounge areas, and private parties. You’ll find 14’ ceilings on the 1st floor and a 10’ ceiling on the 2nd floor, two 10-ton HVAC units, all new systems throughout, an elevator, a private dining room for parties or VIP guests, and some parking! This incredible location has undisputed high visibility frontage and a 97 walk score. Venice is one of the most toured destinations in LA, which means your restaurant will have access to many tourists and locals alike. **This is a NNN lease; NNN expenses are an estimated $3,700 per month.**
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Approved CUB
- New Construction by DU Architects
- Just Off Vibrant + Iconic Venice Beach
- Amazing indoor/outdoor flow
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 | 4,649 SF | Gross Leasable Area | 4,649 SF |
| Property Type | Retail | Year Built | 2023 |
| Property Subtype | Restaurant | Parking Ratio | 1.08/1,000 SF |
| Total Space Available | 4,649 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,649 SF |
| Year Built | 2023 |
| Parking Ratio | 1.08/1,000 SF |
ABOUT THE PROPERTY
Welcome to 78 Market Street, a warm and modern architectural masterpiece that offers an unparalleled dining experience. This newly constructed restaurant space with an approved alcohol CUB is in the heart of a PRIME Venice neighborhood, just half 1/2 block from the beach! Newly built from the ground up, this 4,600+ sq. ft. property sits on a high-visibility corner, directly across from the buzzworthy Neuhouse and amongst some of the most popular hotspots in LA - it is simply the perfect location for your restaurant. Outfitted with a blend of natural elements and glass that allow for an abundance of natural light and views, this incredibly curated space was built using top-quality materials and is ready for you to create the ultimate dining experience for your guests. Each floor has a fabulous indoor/outdoor flow for al fresco dining and enjoyment of the beautiful SoCal ambiance and ocean breeze. The 2-story space features a downstairs courtyard/eating space and a 2nd story private balcony that provides flexibility for additional dining, lounge areas, and private parties. You’ll find 14’ ceilings on the 1st floor and a 10’ ceiling on the 2nd floor, two 10-ton HVAC units, all new systems throughout, an elevator, a private dining room for parties or VIP guests, and some parking! This incredible location has undisputed high visibility frontage and a 97 walk score. Venice is one of the most toured destinations in LA, which means your restaurant will have access to many tourists and locals alike. **This is a NNN lease; NNN expenses are an estimated $3,700 per month.**
- Corner Lot
- Restaurant
- Roof Terrace
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
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78 Market
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