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Fully-Equipped Restaurant Available Now 707 Chestnut St
4,200 SF of Retail Space Available in Philadelphia, PA 19106
Sublease Highlights
- Fully Equipped Restaurant Avaible!
- In Proximity to Neighboring Independence Hall, the Liberty Bell, Among Other Historical Attractions
- Paid Parking is Available Next Door
- The Space Includes a Rear Loading Dock
- Jefferson Hospital Area
- Minutes Away From All Major Forms of Public Transportation
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 4,200 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Turnkey Pizza restaurant or vented space for a "new" concept in Old City, Philadelphia, PA 19106. The location is a prime Old City area on Chestnut Street near Independence Hall and Jefferson Hospital. It's approximately 4,200 SF, with access from the rear of the shop to the street. Large basement Call for details: 267-439-6926 regarding the FF&E.
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in Food Court
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 707 Chestnut St , Philadelphia, PA 19106
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Restaurant | Cross Streets | S 7th St |
| Gross Internal Area | 18,500 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 18,500 SF |
| Year Built | 1900 |
| Cross Streets | S 7th St |
About the Property
If you're searching for a turnkey pizza restaurant or vented space to introduce a "new" concept to Old City, Phila- 707 Chestnut Street is Available now! Located in the heart of Old City on Chestnut Street, near Independence Hall and Jefferson Hospital, this spacious 4,200-square-foot space was recently renovated by the current user. The kitchen, designed by a leading restaurateur, is fully functional for an expanded menu and catering, offering you a prime location with high foot traffic and visibility. One of the unique features of this space is its loading dock with rear access to Ranstead Street, making it ideal for deliveries and trash pickup. The restaurant also has additional storage in a finished basement. Despite being below grade, the space is fully prepared and could easily include more seating to increase capacity and sales, ensuring a convenient start to growing your business. Call Now: 267-439-6926 regarding the FF&E. Please do not disturb employees, contact the Broker for all details.
- Restaurant
Nearby Major Retailers
![[solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
-
Billy Creagh -
National Realty Old City
Presented by
Fully-Equipped Restaurant Available Now | 707 Chestnut St
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