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2877 University Ave
3,482 SF of Retail Space Available in San Diego, CA 92104
Highlights
- Main street of University Avenue which is the main corridor adjoining to the 30th street one block to the west on south side
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,482 SF | 10 Years | £25.89 /SF/PA £2.16 /SF/MO £278.63 /m²/PA £23.22 /m²/MO £90,133 /PA £7,511 /MO | Full Service Gross |
1st Floor
Interior demolished, hauled away & cleared. Main dining room, kitchen & baths, all have ceiling & walls demolished & removed with the exception of half of the walls in the main dining room is still in place. Owners have possession of the city approved plans/permit from the cancelling tenant, which will be offered to the newly selected tenant for use & change order without having to start from scratch of design/permit/architectural fees & timeline. The front facade of the building is part of Historical Significance and will be required to remain as is. Owner now has ownership of a full liquor license with cabaret/entertainment though midnight for tenants utilization. Cancelling tenant have acquired a full line of kitchen equipment that is in storage and willing to sell to the next incoming selected tenant.
- Rate includes utilities, building services and property expenses
- Located in-line with other retail
- Space In Need of Renovation
- Central Air and Heating
- Freezer Space
- High Ceilings
- 20ft ceilings, 500ft to North Park sign & theatre
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 2877 University Ave , San Diego, CA 92104
| Property Type | Retail | Gross Internal Area | 3,482 SF |
| Property Subtype | Restaurant | Year Built/Renovated | 1901/2010 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 3,482 SF |
| Year Built/Renovated | 1901/2010 |
About the Property
Designated as Historical Significance, Chop Suey Peking located on University Ave in the heart of downtown & steps to the North Park Signage, which was previously in operations for 88 years. Now, available again for the taking as one of the most iconic venue possible in this trendy main stream of San Metro area. Restaurants, retail shops, cafes, ice cream parlors, theatre, farmers market, mini park, parking structure, etc... Your new venue and participate is in high anticipation for a new comer to this space! Tenant to pay renter & liability insurance.
- Bus Route
- Restaurant
- Air Conditioning
Nearby Major Retailers
-
Luke Kensen -
House333
Presented by
2877 University Ave
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