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Highlands Circle Cafe, Coffee Bar, Bakery 1515 Palisades Dr
600 SF of Retail Space Available in Pacific Palisades, CA 90272
Highlights
- High income residential in Los Angeles
- Captive audience who seeks excellence
- Virtually low or no competition for 3.5 miles
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste V | 600 SF | 10’ - 12’ | Negotiable | $96.00 /SF/YR $8.00 /SF/MO $57,600 /YR $4,800 /MO | Triple Net (NNN) |
1st Floor, Ste V
Highlands Circle, Pacific Palisades is surrounded by gorgeous vistas of the Santa Ynez Canyon, average homes of $1.5 to $50-million and household income of over $300,000 with no other cafe for coffee, baked items for over 3.5 miles. Subject space is in prime front position of the Highlands Circle office building where clients from pilates, yoga and personal trainers yearn for a treat after their work out, in addition to the local residents who have nowhere else to go other than Starbucks which is 3.5 miles down a long and winding road. This is the definitive captured audience location. Tenant would have access to outdoor patios, one in front of the space and the other a few feet from the cafe. Owner is open to building to suit. Starting lease rate at $8.00 per square foot, plus NN for expenses, (electric, water, insurance, etc.) with 10% of gross monthly sales, not to exceed $12.00 per square foot, plus NN for expenses.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
- Central Air and Heating
- Corner Space
- High Ceilings
- Exposed Ceiling
- After Hours HVAC Available
- Finished Ceilings: 10’ - 12’
- Display Window
- Outdoor patios allows to view Santa Ynez Canyon
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 broker 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 1515 Palisades Dr , Pacific Palisades, CA 90272
| Property Type | Retail | Year Built | 1978 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.23/1,000 SF |
| Gross Leasable Area | 12,559 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 12,559 SF |
| Year Built | 1978 |
| Parking Ratio | 2.23/1,000 SF |
About the Property
Highlands Circle, Pacific Palisades is surrounded by gorgeous vistas of the Santa Ynez Canyon, average homes of $3.5 million and household income of over $300,000 with no other cafe for coffee, baked items or over 2 miles. Subject space is in prime front position of the Highlands Circle office building where clients from pilates, yoga and personal trainers yearn for a treat after their work out, in addition to the local residents who have nowhere else to go other than Starbucks which is 2.3 miles down a long and winding road. This is the definitive captured audience location. Tenant would have option to lease (2) outdoor patios, one in front of the space and the other a few feet from the cafe. Owner is open to building to suit and your option of a short or long-term lease.
- Signage
Presented by
MA
Highlands Circle Cafe, Coffee Bar, Bakery | 1515 Palisades Dr
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