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923 Sligo Ave 1,600 SF of Retail Space Available in Silver Spring, MD 20910
Highlights
- Built Out Turn Key Restaurant Space
- Outside dining, 2 accessible bathrooms, solar awning
- Includes all equipment currently installed
- Includes 4 parking spaces and additional spaces available
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,600 SF | 10 Years | $48.75 /SF/YR $4.06 /SF/MO $78,000 /YR $6,500 /MO | Triple Net (NNN) |
1st Floor
IMPROVEMENTS: This is a very rare opportunity. Very little capital investment is required for a new occupant. This is a fully designed and constructed restaurant space and includes all the equipment. It will be delivered in as-is condition and will include all the current furnishings/fixtures/equipment as now installed. This is a turn-key opportunity. The space has a full kitchen, bar, dining room, 2 handicapped bathrooms, walk in refrigerator outside, outside dining in front and along the side, access to lower level space that houses the grease trap and beverage lines that feeds the dispensers at the bar. EQUIPMENT / FIXTURES: The space includes a 12’ hood system, 2 fryers, 6 burner stovetop, flattop grill, oven, dishwasher and 3 compartment sink, multiple hand sinks, stainless steel counters, refrigerator, freezer, separate bar area with sink and refrigerated box and much more. SOLAR AWNING: An $80,000 state of the art solar awning is installed along the front of the building. Depending on the sun’s angle this awning adjusts to shield the sun along the front windows. PARKING There are 4 onsite parking spaces along Sligo Ave. that the tenant can use for parking or additional outside dining. Parking is also available on the side of the building for an additional fee, to be negotiated. There is also a County garage behind the building and metered parking on surrounding streets. LOCATION: In downtown Silver Spring on Sligo Avenue between Georgia Avenue and Fenton Street. LEASE PRICE: $6,500 per month, NNN. Real estate tax is currently +/- $982 per month. Tenant to pay all utilities including 75% of water bill and share of landlord’s building insurance. Call Larry Rosen with Commercial & Investment Realty for additional details or to set up a tour.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Private Restrooms
- Corner Space
- High Ceilings
- Exposed Ceiling
- Plug & Play
- After Hours HVAC Available
- Basement
- Wheelchair Accessible
- Turn Key Restaurant Space
- Includes all the currently installed equipment
- Comes with 4 parking space and additional parking
- Outside dining area in front of building
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 923 Sligo Ave, Silver Spring, MD 20910
- Tenant
- Description
- US Locations
- Reach
- Bibim
- Restaurant
- 1
- -
| Tenant | Description | US Locations | Reach |
| Bibim | Restaurant | 1 | - |
Property Facts
| Total Space Available | 1,600 SF | Gross Leasable Area | 3,644 SF |
| Property Type | Retail | Year Built/Renovated | 1960/2010 |
| Property Subtype | Freestanding | Parking Ratio | 1.1/1,000 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,644 SF |
| Year Built/Renovated | 1960/2010 |
| Parking Ratio | 1.1/1,000 SF |
About the Property
IMPROVEMENTS: This is a very rare opportunity. Very little capital investment is required for a new occupant. This is a fully designed and constructed restaurant space and includes all the equipment. It will be delivered in as-is condition and will include all the current furnishings/fixtures/equipment as now installed. This is a turn-key opportunity. The space has a full kitchen, bar, dining room, 2 handicapped bathrooms, walk in refrigerator outside, outside dining in front and along the side, access to lower level space that houses the grease trap and beverage lines that feeds the dispensers at the bar. EQUIPMENT / FIXTURES: The space includes a 12’ hood system, 2 fryers, 6 burner stovetop, flattop grill, oven, dishwasher and 3 compartment sink, multiple hand sinks, stainless steel counters, refrigerator, freezer, separate bar area with sink and refrigerated box and much more. SOLAR AWNING: An $80,000 state of the art solar awning is installed along the front of the building. Depending on the sun’s angle this awning adjusts to shield the sun along the front windows. PARKING There are 4 onsite parking spaces along Sligo Ave. that the tenant can use for parking or additional outside dining. Parking is also available on the side of the building for an additional fee, to be negotiated. There is also a County garage behind the building and metered parking on surrounding streets. LOCATION: In downtown Silver Spring on Sligo Avenue between Georgia Avenue and Fenton Street. LEASE PRICE: $6,500 per month, NNN. Real estate tax is currently +/- $982 per month. Tenant to pay all utilities including 75% of water bill and share of landlord’s building insurance. Call Larry Rosen with Commercial & Investment Realty for additional details or to set up a tour.
Nearby Major Retailers
Contact the Leasing Agent
923 Sligo Ave