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33 Jesup Rd 3,100 SF of Retail Space Available in Westport, CT 06880
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,100 SF | Negotiable | $45.70 /SF/YR $3.81 /SF/MO $491.91 /m²/YR $40.99 /m²/MO $11,806 /MO $141,670 /YR | Modified Gross |
1st Floor
**PRICE REDUCTION** Febbraio Commercial is proud to offer this Restaurant and Wine Bar in downtown Westport. This space offers the perfect blend of modern sophistication and timeless charm. Inside, you'll find a beautifully maintained space with ample natural light, high ceilings, and elegant finishes including a waterfall wall that spans the entirety of the dining room height. Offering a full bar that even includes a dual burning pizza oven, for gas or wood fire cooking. Upstairs you'll find additional seating for 40 that can also double as a private dining area for parties, making the total seating capacity 100. The outside patio can accommodate another 30 guest. The front of house underwent renovations in 2019 and all new kitchen equipment was installed in 2020. The hood system was reworked and the walk-in freezer was converted to a cooler. There is 1 year left on the current lease and 3, 5 year options to renew with 2% annual increases. The rent is $11,805/month all inclusive + utilities. Seller is asking for $495,000 to acquire this move-in ready restaurant, it's wonderful location and below market rent. Sale includes all fixtures, furniture and equipment seen in the attached PDF.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- High ceilings with ample natural light.
- A dual burning pizza oven is in the space.
- There is a waterfall wall.
- Rent for the space is below market rent.
- There are two floors of dining.
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
| Total Space Available | 3,100 SF | Gross Leasable Area | 3,100 SF |
| Property Type | Retail | Year Built | 1984 |
| Property Subtype | Freestanding |
| Total Space Available | 3,100 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,100 SF |
| Year Built | 1984 |
NEARBY MAJOR RETAILERS
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33 Jesup Rd
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