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Retail,Restaurant,Liquor,Animal,Club,Cultural 775-779 Santa Cruz Ave
3,334 SF of Retail Space Available in Menlo Park, CA 94025
Highlights
- $248,661 Average HH Income. 57% White, 20% Hispanic, 12% Asian, 5% Black. 55% College Degree. $283,345,084 Total Consumer Spending within 1 Mile.
- 15,674 Daytime Employees within 1 Mile.
- Lots of parking in front of store, plus public parking lot in back.
- New "Clarks Oyster Bar" (Ayesha & Steph Curry) across the street!
- 3 Blocks from Atherton, CA - the most expensive residential market in the U.S.
- T-intersection helps visibility to this location as cars and pedestrians stop at intersection and notice signage.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 775-777 | 3,334 SF | 5-10 Years | $47.88 /SF/YR $3.99 /SF/MO $159,632 /YR $13,303 /MO | Triple Net (NNN) |
1st Floor, Ste 775-777
Please call broker to discuss.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
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 775-779 Santa Cruz Ave , Menlo Park, CA 94025
| Property Type | Retail | Gross Leasable Area | 4,905 SF |
| Property Subtype | Storefront | Year Built | 1950 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,905 SF |
| Year Built | 1950 |
About the Property
3,334 sf (div) $3.99/sf NNN + $0.55/sf CAMs = $15,136.36 per month gross plus utilities. 500 amps on one side and 340 amps on the other. SP-ECR-D: Zoning. Land Use: ECRDSP (El Camino Real/Downtown Specific Plan). https://gisweb.menlopark.gov/vertigisstudio/web/?app=1cc5159fd9cb44b2b1f Downtown Main Street Overlay. Downtown/Station Area “Main Street” Overlay The Downtown/Station Area “Main Street” Overlay enhances the retail emphasis of the Downtown/Station Area Retail/Mixed Use designation by specifically limiting non-retail ground floor uses on Santa Cruz Avenue. Development standards and guidelines otherwise match the underlying Downtown/Station Area Retail/Mixed Use designation. Downtown/Station Area Retail/Mixed Use The Downtown/Station Area Retail/Mixed Use designation focuses on uses that enhance downtown vibrancy by building upon existing community-serving retail and personal services in the downtown area. While emphasizing retail for ground-floor uses, the designation allows for a mix of uses, including office and residential uses, enhancing downtown vibrancy through an increased customer base for restaurants and retail businesses. It also allows for theaters (commercial recreation, hotels and some public and semipublic uses. This designation covers the current public parking plazas, which could accommodate residential and other non-parking uses (see Section E.2.3. To complement the size of existing downtown business establishments and building character, the size of some types of businesses are limited (see Section E.2.3, and allowable building heights are up to about five stories for all but the area in closest proximity to the train station, where heights of up to about seven stories are allowed. Municipal Code: https://www.codepublishing.com/CA/MenloPark/html/MenloPark16/MenloPark16.html https://menlopark.gov/Government/Departments/Community-Development/Planning-Division/Comprehensive-planning/El-Camino-Real-and-Downtown-Specific-Plan Conditional Use Permit Required: Clubs and Lodges. Meeting, recreational, or social facilities of a private or nonprofit organization primarily for use by members or guests, including residential accommodations that are available to members or guests on a temporary basis for periods of less than 30 consecutive days, but excluding residential hotels. This classification includes union halls and social clubs. Conditional Use Permit Required: Cultural Institutions. Public or non-profit institutions engaged primarily in the display or preservation of objects of interest in the arts or sciences that are open to the public on a regular basis. This classification includes performing arts centers; libraries; museums; historical sites; aquariums; art galleries; and zoos and botanical gardens. Conditional Use Permit Required: Liquor store, Bars.
Nearby Major Retailers
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Retail,Restaurant,Liquor,Animal,Club,Cultural | 775-779 Santa Cruz Ave
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