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Bar and Grill For Sale 4610-4628 W Market St
1,574 SF of Retail Space Available in Greensboro, NC 27407
Sublease Highlights
- Heavy Foot Traffic
- Strong and Loyal Customer Base
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4618 B | 1,574 SF | Dec 2027 | $15.48 /SF/YR $1.29 /SF/MO $166.63 /m²/YR $13.89 /m²/MO $2,030 /MO $24,366 /YR | TBD |
1st Floor, Ste 4618 B
Situated in a bustling area, this well-established bar and club presents an excellent opportunity for entrepreneurs or seasoned operators. Generating a consistent annual revenue of $479,758, this business has been a reliable income generator for over 20 years.
- Sublease space available from current tenant
- Located in-line with other retail
- Private Restrooms
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 4610-4628 W Market St , Greensboro, NC 27407
| Property Type | Retail | Total Land Area | 6.13 AC |
| Property Subtype | Freestanding | Year Built/Renovated | 1980/2008 |
| Gross Leasable Area | 75,515 SF | Parking Ratio | 5.03/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 75,515 SF |
| Total Land Area | 6.13 AC |
| Year Built/Renovated | 1980/2008 |
| Parking Ratio | 5.03/1,000 SF |
About the Property
The Business is for sale for $400,000, which includes furniture, equipment, or technology. Licenses and Permits are transferable such as liquor or operational permits. Rent: $2043 Lease Term Till: 2027 Gross Income: $286,974 Net Profit: $65,024 Total Revenue: $479,758
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Iron Hand Realty
Bar and Grill For Sale | 4610-4628 W Market St
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