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326-338 University Ave
2,000 - 4,800 SF of Retail Space Available in Palo Alto, CA 94301
Highlights
- Signage
- Heavy Foot Traffic
- Natural Light
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 2,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
The entire space is 2,800 Square Feet (roughly 232 Square Meters) - 2,000 Square Feet on the ground floor + 800 Square Feet mezzanine.
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- High Ceilings
1st Floor
Former Gallery, very clean space with exceptional lighting, rear entrance in alley, 1 restroom, 1 sink in rear room, many potential retail uses, large tile flooring.
- Lease rate does not include utilities, property expenses or building services
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 326-338 University Ave , Palo Alto, CA 94301
| Property Type | Retail | Gross Leasable Area | 6,582 SF |
| Property Subtype | Storefront | Year Built | 1926 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 6,582 SF |
| Year Built | 1926 |
About the Property
338 University Ave has operated as a restaurant in Palo Alto for many years. It now available for a new direct lease and concept. Heavy foot/vehicle traffic on University Avenue provides business owners with visibility and exposure to new and returning customers.
- Mezzanine
- Signage
Nearby Major Retailers
-
Sam Arsan -
Arsan Realty
Presented by
326-338 University Ave
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