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The Figueroa 508 E Portland St
1,794 - 8,783 SF of Space Available in Phoenix, AZ 85004
Highlights
- Newly renovated for restaurant use
- Excellent location
Space Availability (4)
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 | TBD | ||
| 1st Floor | 2,254 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 1,794 SF | Negotiable | $66.84 /SF/YR $5.57 /SF/MO $119,911 /YR $9,993 /MO | Triple Net (NNN) | ||
| 1st Floor | 1,935 SF | Negotiable | $62.04 /SF/YR $5.17 /SF/MO $120,047 /YR $10,004 /MO | Triple Net (NNN) |
506 E Portland Ave - 1st Floor
- Versatile layouts for retail, office, or dining establishments - Historic properties with large outdoor shaded patios. - High visibility and foot traffic - Strategic location for business exposure - Historic charm with contemporary design - Inviting atmosphere for customers and clients - Flexible lease terms for businesses - Convenient access for employees and customers.
- Fits 7 - 23 People
510 E Portland St - 1st Floor
Versatile layouts for retail, office, or dining establishments - Historic properties with large outdoor shaded patios. - High visibility and foot traffic - Strategic location for business exposure - Historic charm with contemporary design - Inviting atmosphere for customers and clients - Flexible lease terms for businesses - Convenient access for employees and customers
- Mostly Open Floor Plan Layout
- Fits 6 - 19 People
- Space is in Excellent Condition
520 E Portland St - 1st Floor
Historic bungalow adapted to F&B. Asking rate of $10,000 NNN per month for each bungalow. Includes 2,500 SF of patio space and is built for restaurant use.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Central Air Conditioning
- Adjacent to new MF developments
- Street lined with historic date palms
508 E Portland St - 1st Floor
Historic bungalow adapted to F&B. Asking rate of $10,000 NNN per month for each bungalow. Includes 2,500 SF of patio space and is built for restaurant use.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Central Air Conditioning
- Adjacent to new MF developments
- Street lined with historic date palms
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 508 E Portland St , Phoenix, AZ 85004
| Center Type | Strip Center | Gross Leasable Area | 5,983 SF |
| Parking | 7 Spaces | Total Land Area | 1.17 AC |
| Stores | 3 | Year Built | 1916 |
| Center Properties | 4 |
| Center Type | Strip Center |
| Parking | 7 Spaces |
| Stores | 3 |
| Center Properties | 4 |
| Gross Leasable Area | 5,983 SF |
| Total Land Area | 1.17 AC |
| Year Built | 1916 |
About the Property
Historic bungalows redeveloped into restaurant use.
Nearby Major Retailers
Presented by
The Figueroa | 508 E Portland St
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