Lolita Restaurant on Munjoy Hill

Retail-Commercial for Lease
Catylist Listing ID: 30493854
Property Subtypes: Restaurant
Contiguous Space: 877 SF
Building Size (RSF): 877 SF
Lease Rate: $2,700 (Monthly)
$36.94 PSF (Annual)
Lease Types: NNN
Usable Size (USF): 877 SF
Last Updated: 10/3/2019

Overview / Comments

Turnkey operation to lease a 30-plus seat restaurant space in the heart of Munjoy Hill. Tenant would pay a fixture fee of $275,000 (see attachment for list of included items) and $2700 NNN 5-year lease with 3% annual bumps for a 5-year term plus renewal options. Note: real estate taxes are included in the CAM/Rent

For showings and more information, contact John Golden 207-838-1667 or email
john@mainerealtyadvisors.com

Expand All Available Space

Suite: 2 877 SF $2,700 (Monthly) NNN
Level/Floor: 1
Space Available: 877 SF
Lease Rate: $2,700 (Monthly)
$36.94 PSF (Annual)
Lease Type: NNN
Date Available: 9/5/2019
Space Type: Relet
Tax Expenses $4,032 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 016-A-006002
Zoning: B-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Single Tenant
Number of Stories: 1
Typical SF / Floor: 877 SF
Property Condition: Excellent
Year Built: 1972
Year Renovated: 2014
Lot Frontage: 25 feet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,012 72,995 114,596
Median Age: 33.67 37.87 39.33
Households: 5,851 34,366 51,266

Contact

Photograph of Listing Agent

Josh Soley

Maine Realty Advisors
NECPE Member
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