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The Shops at Bloomfield Station 70 Washington St
5,250 SF of Retail Space Available in Bloomfield, NJ 07003
Sublease Highlights
- Prime location: 5,250 Sq ft. space in Bloomfield, NJ. Built out as a restaurant/cafe
- Long-term lease: Ten- year lease with two additional five-year renewal options
- Lease Assignment: Lease will be assigned to the buyer, ensuring a smooth transition
- Turnkey operation: Business for sale at $300,000, including all furniture, fixtures, equipment and a liquor license
- Fully equipped: Readt for immeduate operation with all necessaryt restaurant/cafe equipment included
- Ideal Opportunity: Perfect for restauranteurs or entrepreneurs looking to establish a business in a vibrant area
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,250 SF | Apr 2031 | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
5,250 SF Restaurant Business for sale for $300,000, which includes all furniture, fixtures and equipment and the liquor license. Lease will be assigned to the buyer. Ten (10) Year Lease with two (2) five (5) year renewal options. Rent as follows: 1 $91,875.00 $7,656.25 2 $93,712.50 $7,809.38 3 $95,586.75 $7,965.56 4 $97,498.49 $8,124.87 5 $99,448.45 $8,287.37 6 $101,437.42 $8,453.12 7 $103,466.17 $8,622.18 8 $105,535.50 $8,794.62 9 $107,646.21 $8,970.52 10 $109,799.13 $9,149.93 Extension Term: Lease Year Annual Amount Monthly Amount 11 $111,995.11 $9,332.93 12 $114,235.01 $9,519.59 13 $116,519.71 $9,709.98 14 $118,850.11 $9,904.18 15 $121,227.11 $10,102.26 16 $123,651.65 $10,304.30 17 $126,124.69 $10,510.39 18 $128,647.18 $10,720.60 19 $131,220.12 $10,935.01 20 $133,844.53 $11,153.71
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Prime location
- Turnkey operation
- Long-term lease
- Fully equipped
- Lease assignment
- Ideal opportunity
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 70 Washington St , Bloomfield, NJ 07003
| Property Type | Retail | Total Land Area | 2.16 AC |
| Property Subtype | Storefront Retail/Residential | Year Built | 2015 |
| Gross Leasable Area | 73,864 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 73,864 SF |
| Total Land Area | 2.16 AC |
| Year Built | 2015 |
About the Property
Presenting a prime opportunity in Bloomfield, NJ, this 5,250 sq. ft. space is built out as a fully equipped restaurant/café, ready for immediate operation. The business is available for sale at $300,000, which includes all furniture, fixtures, equipment, and a valuable liquor license. The existing lease, which will be assigned to the buyer, offers a stable long-term arrangement with a ten-year term and two additional five-year renewal options. This well-maintained space is ideal for restaurateurs or entrepreneurs looking to establish a thriving business in a vibrant location. Don’t miss this chance to take over a turnkey operation in the heart of Bloomfield!
- Air Conditioning
Nearby Major Retailers
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William Ray - WRED Realty Group LLC
Learn More About Leasing Retail Properties
Presented by
WRED Realty Group LLC
The Shops at Bloomfield Station | 70 Washington St
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