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Virgen de la Alegría 538 SF of Retail Space Available in Ciudad Lineal, Madrid 28027
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HIGHLIGHTS
- Historic market of Las Ventas, a high-traffic area in Madrid.
- Next to the Bullring, with immediate access to the M-30.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
-
RENTAL RATE
| Space | Size | Term | Rental Rate | |||
| Ground | 538 SF | Negotiable | $32.77 /SF/YR EXCL $2.73 /SF/MO EXCL $17,635 /YR EXCL $1,470 /MO EXCL |
Ground
Ref.: PR99559479 Commercial property located in the municipality of Madrid, within the historic Ventas Market, in the Ciudad Lineal district. It is situated in a well-established and highly active area, near the Las Ventas Bullring and surrounded by offices and established businesses, ensuring a constant flow of visitors at all hours. The property has an administrative concession granted by the City Council, providing long-term stability. It features a smoke vent, capacity for 8 to 12 tables, a tobacco machine, the option to install a gaming machine, and an 8 m² storage space on the lower floor for additional storage needs. It is fully equipped and has all the necessary licenses to continue commercial operations. The market was renovated in 2017, maintaining a modern and attractive infrastructure for customers. The location offers easy access to public transportation and is surrounded by commercial facilities and offices, which increases daily foot traffic and business visibility. The property has been in operation since 2012, with a solid track record and proven profitability.
- Taxes and Charges not included in the Rent
- Fully Built-Out as a Drinking Establishment
- Located in-line with other retail
- Location within the historic Ventas Market.
- Administrative concession that guarantees stability
- Space with exhaust system, licenses, and storage.
- High foot traffic.
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 | 538 SF | Gross Leasable Area | > 50,000 SF |
| Property Type | Retail | Year Built | 1990 - 1999 |
| Total Space Available | 538 SF |
| Property Type | Retail |
| Gross Leasable Area | > 50,000 SF |
| Year Built | 1990 - 1999 |
ABOUT THE PROPERTY
Las Ventas Market in the Ciudad Lineal district. Located in a well-established and highly active area, near the Las Ventas Bullring and surrounded by offices and established businesses, it benefits from a constant flow of visitors at all hours. The location offers easy access to public transportation and is surrounded by commercial facilities and offices, increasing daily foot traffic and enhancing the visibility of the business.
- Bus Line
- Metro/Subway
- Close to Public Transportation
- Elevator
- Private Bathroom
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Virgen de la Alegría
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