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Downtown Restaurant & Brewery Opportunity 405 Hay St
19,620 SF of Retail Space Available in Fayetteville, NC 28301
Highlights
- Over 19,000 SF on two floors with mezzanine
- Outdoor seating and enclosed brewing area
- Included: some kitchen equipment, tables/chairs, and brewing equipment
- Large bar and two levels of seating
- Event hall space with separate bar
- Spacious kitchen and dedicated parking lot
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 405 | 19,620 SF | 5-15 Years | £7.18 /SF/PA £0.60 /SF/MO £77.32 /m²/PA £6.44 /m²/MO £140,928 /PA £11,744 /MO | Modified Gross |
1st Floor, Ste 405
***Property tours will only be scheduled after approved tenant financials and substantial progress in negotiating lease terms. Tenant must have a proven track record of operating a successful restaurant.***
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Over 19,000 SF on two floors with mezzanine
- Large bar and two levels of seating
- Outdoor seating and enclosed brewing area
- Included: some kitchen equipment, tables/chairs, a
- Spacious kitchen and dedicated parking lot
- Event hall space with separate bar
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 405 Hay St , Fayetteville, NC 28301
| Property Type | Retail | Year Built | 1904 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 1.63/1,000 SF |
| Gross Internal Area | 41,950 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 41,950 SF |
| Year Built | 1904 |
| Parking Ratio | 1.63/1,000 SF |
About the Property
***Property tours will only be scheduled after approved tenant financials and substantial progress in negotiating lease terms. Tenant must have a proven track record of operating a successful restaurant.*** With over 19,000 square feet spanning two floors, including a mezzanine level, this beautiful space is a standout restaurant opportunity. The restaurant features a large bar, two levels of seating, covered outdoor seating, an enclosed brewing area, and an event hall space with a separate bar. The large private parking lot adds exceptional value, especially for a downtown business. Additionally, the lease includes some kitchen equipment, tables/chairs, and brewing equipment, making it an enticing prospect for aspiring restaurateurs. This unique offering is a rare find in downtown Fayetteville. The property is located in historic downtown Fayetteville at the intersection of Hay St and Ray Ave. The new Segra baseball stadium is within a block from the property and numerous other restaurants, retail, Fayetteville City Hall, and other businesses are all within walking distance from the property. The downtown Fayetteville submarket is centrally located within the Fayetteville MSA making is easily accessible to the region and having a 10-15 minute drive from Fort Bragg. Within a three-mile radius of the property there are 39,171 residents with an average household income of $64,215.
- Mezzanine
- Signalised Intersection
Nearby Major Retailers
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Downtown Restaurant & Brewery Opportunity | 405 Hay St
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