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New Promenade & Broadway-Downtown Long Beach 199 The Promenade N
10,447 SF of Retail Space Available in Long Beach, CA 90802
Highlights
- Heavy pedestrian and vehicle traffic, with two Metro Blue line stations less that two blocks from the front door. Ample validated customer parking
- Immediately adjacent and waking distance to several Downtown Hotels and The Long Beach Convention Center
- OWNERSHIP WILL ALSO CONSIDER PROPERTY SALE, INCLUDING ADJOINING 2,500 SQ. FT. "STINKIN CRAWFISH" RESTAURANT
- Fully Built Out, High end Restaurant/Bar with NO KEY MONEY!! Available Immediately. Type 47 license available. NO CUP REQUIRED!
- Hard Corner Location at Broadway and The New Promenade in Booming Downtown Long Beach!
- 2024 CAM and Taxes estimated at $.71/ sq. ft./mo.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,447 SF | 5-10 Years | $32.28 /SF/YR $2.69 /SF/MO $337,229 /YR $28,102 /MO | Triple Net (NNN) |
1st Floor
High identity, full service restaurant/bar located at the corner of Broadway and The New Promenade in Downtown Long Beach. This beautifully improved space, with over $3 Million in tenant improvements, features a ground floor space of 6,725 sq. ft., and an open mezzanine level of 3,422 sq. ft., each featuring separate men's and women's restrooms, separate full service bars, and both connected by two stairways, a passenger/freight elevator, and dumbwaiter connecting to an expansive Type 1 vented kitchen. Mezzanine level also contains 3 highly improved Karaoke/Meeting rooms, with full video display and sound systems. This restaurant is situated on the most visible, and high traffic corner location on The New Promenade, one of the hottest alfresco, pedestrian-only, urban dining and entertainment districts in Los Angeles County, and featuring trend-setting restaurants and bars, including: Congregation Ale House, The Ordinaire, The Stave Bar, Beachwood BBQ and Brewing, Harvell's of Long Beach, Dog Haus Biergarten, Michaels of Naples, and Portuguese Bend Distillery An expansive semi-enclosed, open air patio fronts the beautifully landscaped, pedestrian-only Promenade, providing significant additional covered patio seating, at NO ADDITIONAL RENT! Validated customer parking is provided onsite, and abundant free validated customer is available in the Promenade adjacent City controlled parking structure. Adjacent hotels include the Renaissance Hyatt and The Westin, with The Long Beach Convention Center and Pike located just three short blocks down the Promenade!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Anchor Space
- Central Air Conditioning
- Kitchen
- Freezer Space
- Security System
- Closed Circuit Television Monitoring (CCTV)
- Corner Space
- High Ceilings
- Plug & Play
- Fully Built Out Restaurant/Bar with NO KEY MONEY!!
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.
SITE PLAN
PROPERTY FACTS FOR 199 The Promenade N , Long Beach, CA 90802
| Property Type | Retail | Gross Leasable Area | 10,447 SF |
| Property Subtype | Restaurant | Year Built | 2008 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,447 SF |
| Year Built | 2008 |
About the Property
*Part if the 133 Promenade mixed-use development, featuring high density residential, restaurants, and shopkeeper units. *High identity full service restaurant/bar located at the corner of Broadway and The New Promenade, surrounded by THOUSADNS of existing high end residential units in BOOMING Downtown Long Beach! This highly improved space, with over $3 Million in tenant improvements, features a ground floor space of 6,725 sq. ft., and an open mezzanine level of 3,722 sq. ft., each featuring separate men's and women's restrooms, separate full service bars, and both connected by two stairways, a passenger/freight elevator and dumbwaiter connecting to an expansive Type 1 vented kitchen. Mezzanine level also contains 2 highly improved Karaoke/Meeting rooms, with full video display and sound systems. *This restaurant is situated on the most visible, and high traffic corner location on The New Promenade, one of the hottest alfresco, pedestrian-only, urban dining and entertainment districts in Los Angeles County, and featuring trend-setting restaurants and bars, including: Congregation Ale House, The Ordinaire, The Stave Bar, Beachwood BBQ and Brewing, Harvell's of Long Beach, Dog Haus Biergarten, Michaels of Naples, and Portuguese Bend Distillery. *An expansive semi-enclosed open air patio fronts the beautifully landscaped, pedestrian-only Promenade, providing significant additional covered patio seating, at NO ADDITIONAL RENT! Validated customer parking is provided onsite, and abundant free validated customer parking is available in the Promenade adjacent City controlled parking structure. *Adjacent hotels include the Renaissance Hyatt and The Westin, with The Long Beach Convention Center and Pike just three short blocks down the Promenade! *THOUSANDS of new high end luxury residential units and hotels rooms under construction within a couple minutes walk of the property.
- Corner Lot
- Mezzanine
- Restaurant
Nearby Major Retailers
Presented by
Hillcrest Development Partners, LLC
New Promenade & Broadway-Downtown Long Beach | 199 The Promenade N
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