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11050 Magnolia Blvd
3,753 SF of Retail Space Available in North Hollywood, CA 91601
Sublease Highlights
- INCLUDES AN ABC 47 TILL 2AM DAILY
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,753 SF | Aug 2028 | £47.34 /SF/PA £3.94 /SF/MO £509.56 /m²/PA £42.46 /m²/MO £177,667 /PA £14,806 /MO | Modified Gross |
1st Floor
This 2nd generation restaurant and bar is an asset sale with key money at $295,000 - that includes the extensive FFE.+ a full liquor license type 47 - Gorgeous restaurant of approx. 3,600 SF with beautiful bar, incredible 1,500 SF patio, fully loaded kitchen Located in the heart of NOHO's vibrant Arts District, this gorgeous & turnkey 2nd generation restaurant/bar can serve alcohol, till 2am daily - CUP allows for music Lease thru 2028 + one seven (7) year option through 2035 Full Kitchen has everything including 1 walk in cooler, multiple standup refrigerators and freezers, 4 back bar coolers, 2 large walk in coolers 28 beers on tap and more 3,695 square feet inside 1,428 square feet outside - outside seating capacity 72 5,113 square feet in TOTAL RENT. $18,009 + NNN ($968/mo) LEASE: Through 2028 + One option for 7 1/2 years (through end of 2035)
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- 2ND GENERATION RESTAURANT ASSET SALE ASK :$295K
- STAND ALONE BUILDING
- APPROX 5,100 SF - INDOOR 3,600SF I OUTDOOR PATIO 1
- CUP ALLOWS ABC SERVICE TILL 2 AM DAILY + ALLOWS FO
- PRIME NOHO ARTS DISTRICT LOCATION
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 agent 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 FOR 11050 Magnolia Blvd , North Hollywood, CA 91601
| Property Type | Retail | Gross Internal Area | 3,753 SF |
| Property Subtype | Restaurant | Year Built | 1948 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 3,753 SF |
| Year Built | 1948 |
About the Property
This space is located in the buzzing prime NOHO Arts District which is a one-square-mile community in North Hollywood that is home to more than 20 live professional theatres, acting and dance studios, performance spaces including the restored 1926 El Portal Theatre, art galleries, hip cafes, gastropubs, vintage stores and tattoo parlors on Lankershim and Magnolia Boulevards.
- Bus Route
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
-
Brigitte Handler -
KW Commercial
Presented by
11050 Magnolia Blvd
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