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118-120 Magnolia St 2,800 SF of Retail Space Available in Spartanburg, SC 29306
HIGHLIGHTS
- 2,800 SF Turnkey Restaurant Space is Downtown Spartanburg
- Existing FF&E to convey with lease
- 1 mile radius of $600M of new development
- 1,000 SF Heated Rooftop Patio with Indoor/Outdoor Bar
- Less than 200 ft to Magnolia Street Parking Garage
- 1 block from new $120M courthouse
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste B | 2,800 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $236.81 /m²/YR $19.73 /m²/MO $5,133 /MO $61,600 /YR | Triple Net (NNN) |
2nd Floor, Ste B
- 2,800 SF Turnkey Restaurant Space is Downtown Spartanburg - 1,000 SF Heated Rooftop Patio - Indoor/Outdoor Bar - Existing FF&E to convey with lease - Less than 200 ft to Magnolia Street Parking Garage - 1 mile radius of $600M of new development - 1 block from new $120M courthouse - Neighbors include: Miyako Sushi Group, Children's Museum of the Upstate, Bond Street Wine, Peddler Steak House, Johnson Development
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- 2,800 SF Turnkey Restaurant Space is Downtown Spar
- 1,000 SF Heated Rooftop Patio
- Indoor/Outdoor Bar
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.
SELECT TENANTS AT 118-120 MAGNOLIA ST, SPARTANBURG, SC 29306
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Miyaki
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Miyaki | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,800 SF | Gross Leasable Area | 9,850 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2017 |
| Property Subtype | Storefront | Parking Ratio | 0.41/1,000 SF |
| Total Space Available | 2,800 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,850 SF |
| Year Built/Renovated | 1900/2017 |
| Parking Ratio | 0.41/1,000 SF |
ABOUT THE PROPERTY
- 2,800 SF Turnkey Restaurant Space is Downtown Spartanburg - 1,000 SF Heated Rooftop Patio - Indoor/Outdoor Bar - Existing FF&E to convey with lease - Less than 200 ft to Magnolia Street Parking Garage - 1 mile radius of $600M of new development - 1 block from new $120M courthouse - Neighbors include: Miyako Sushi Group, Children's Museum of the Upstate, Bond Street Wine, Peddler Steak House, Johnson Development
- 24 Hour Access
- Restaurant
- Signage
- Tenant Controlled HVAC
- Roof Terrace
- Air Conditioning
- Balcony
- Smoke Detector
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Dunbar St | N Church St, NE | 420 | 2022 | 0.06 mi |
| W Saint John St | N Spring St, NE | 12,006 | 2022 | 0.08 mi |
| N Daniel Morgan Ave | W Saint John St, N | 18,765 | 2022 | 0.11 mi |
| Magnolia St | Walnut St, SE | 2,563 | 2022 | 0.14 mi |
| W Main St | Grove, SW | 7,019 | 2022 | 0.16 mi |
| Dunbar St | N Church St, W | 628 | 2022 | 0.17 mi |
| S Spring St | W Kennedy St, S | 1,923 | 2022 | 0.19 mi |
| S Church St | E Kennedy St, SE | 16,934 | 2022 | 0.20 mi |
| W Saint John St | Wofford St, N | 7,135 | 2022 | 0.21 mi |
| West Main Street | Ezell St, NE | 7,625 | 2022 | 0.22 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Building Photo
Stairs
Kitchen
Kitchen
Interior Photo
Interior Photo
Bar
Patio
Patio
Seating