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722 Chestnut St
3,356 SF of Retail Space Available in Philadelphia, PA 19106
Highlights
- High Foot Traffic Location
- Landlord owns the building next door and is willing to expand the first floor retail space to include that if needed
- High Ceilings
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste C2 | 3,356 SF | Negotiable | £23.53 /SF/PA £1.96 /SF/MO £253.30 /m²/PA £21.11 /m²/MO £78,974 /PA £6,581 /MO | Triple Net |
1st Floor, Ste C2
Prime Commercial Opportunity in the Washington Square Historic District!-Triple Net Lease-NNN Unleash the potential of over 3300 square feet of versatile space in the heart of Center City Philadelphia. This expansive property stretches from Chestnut Street to the adjacent street, offering a dynamic canvas for your business. Ideal for a wide range of uses, including medical offices, retail stores, veterinary practices, coffee shops, or fitness studios. Located in the vibrant Washington Square Historic District, your business will be at the epicenter of Philadelphia’s cultural and commercial activity. Surrounded by iconic landmarks like Washington Square Park, Fashion District Mall, the Convention Center, Jefferson Hospital, the Liberty Bell, the Constitution Center, and the Old City neighborhood, this space promises unparalleled visibility and access to a diverse customer base. Benefit from exceptional foot traffic with seamless access to public transportation, drawing in both tourists and locals alike. This is a rare chance to secure a prominent, street-to-street location in one of Philadelphia's most sought-after areas, ideal for maximizing your business's visibility and sales potential. Don’t miss out on the opportunity to establish your business at 722 Chestnut Street Schedule a viewing and learn more about this exceptional opportunity. Let’s make your business vision a reality in one of Philadelphia’s most coveted locations! -NNN Lease -Tenant responsible for U&00 -CAM Fees included in lease price.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- High Ceilings
- Extra Basement space available if needed!
- Can combine first floor of next building!
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 722 Chestnut St , Philadelphia, PA 19106
| Property Type | Retail | Gross Internal Area | 7,000 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 1900 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Internal Area | 7,000 SF |
| Year Built | 1900 |
About the Property
Prime Commercial Opportunity in the Washington Square Historic District!-Triple Net Lease-NNN Unleash the potential of over 3300 square feet of versatile space in the heart of Center City Philadelphia. This expansive property stretches from Chestnut Street to the adjacent street, offering a dynamic canvas for your business. Ideal for a wide range of uses, including medical offices, retail stores, veterinary practices, coffee shops, or fitness studios. Located in the vibrant Washington Square Historic District, your business will be at the epicenter of Philadelphia’s cultural and commercial activity. Surrounded by iconic landmarks like Washington Square Park, Fashion District Mall, the Convention Center, Jefferson Hospital, the Liberty Bell, the Constitution Center, and the Old City neighborhood, this space promises unparalleled visibility and access to a diverse customer base. Benefit from exceptional foot traffic with seamless access to public transportation, drawing in both tourists and locals alike. This is a rare chance to secure a prominent, street-to-street location in one of Philadelphia's most sought-after areas, ideal for maximizing your business's visibility and sales potential. Don’t miss out on the opportunity to establish your business at 722 Chestnut Street Schedule a viewing and learn more about this exceptional opportunity. Let’s make your business vision a reality in one of Philadelphia’s most coveted locations! -NNN Lease -Tenant responsible for U&O -CAM Fees included in lease price. Extra Basement space available if needed. The landlord owns the building next door and is willing to combined the 2 spaces if more space is needed. Property can go up to 7000 SF if needed.
Nearby Major Retailers
![[solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
-
Matt Bricketto -
Coldwell Banker Real Estate LLC
Presented by
722 Chestnut St
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