310 Colorado St, Austin, TX
Retail for Lease - $40 SqFt/Year - 2,886 to 3,000 SqFt Available
Property Info
| CIMLS# | 416109 |
| Location 310 Colorado St Austin TX 78701 | |
| Updated | January 28th, 2016 |
| Type | Retail |
| Price | $40 SqFt/Year |
| Building | 2,886 to 3,000 SqFt |
Property Description
Key money with asset purchase for the leasehold rights to the space.
Location Description:
3rd and Colorado in the Warehouse District. Walking proximity to the JW Hotel, the up and coming Hotel ZaZa, the brand new Colorado office building and the up and coming 5th and Colorado office building.
Highlights:
>> 2 venues
>> Potential for a rooftop patio buildout
>> Highly sought after location between JW Marriott, The W Hotel and the up coming Hotel ZaZa
>> Deposit: 2 times Initial Monthly Rent plus last month's rent.
>> Guarantee: 1 year/personal
>> NNN: Typical - Insurance, Property Taxes, 5% Mgmt Fee, CAM Charges Est. $7.50/psf NNN
>> Repairs: Landlord is responsible for roof. Tenant is responsible for HVAC. The rest is typical.
>> Option Term #1 - Years 2025 - 2030
>> Adjusts to Fair Rental Value then CPI annually after adjustment
>> Option Term #2 - Years 2030 - 2035
>> Adjusts to Fair Rental Value with a 10% cap of increase. CPI annually after adjustment.
Space Available:
There are 2 spaces available. The minimum space available is 2,886 SF and the maximum contiguous is 3,000 SF.
Bar/Nightclub
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>> 2,886
>> $38.46/SF/year (NNN Lease)
Rooftop Patio
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>> 3,000
>> $40/SF/year (NNN Lease)
* Email for additional photos and floor plans.
