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Latorre's 118 W 5th St 6,930 SF of Retail Space Available in Charlotte, NC 28202
HIGHLIGHTS
- Unique storefront on 5th Street.
- Second generation restaurant.
- Immediate availability.
- Nearby co-tenants include Capital Grille, The Ivey’s Hotel, Basil, Cowbell Burger & Whiskey Bar, Church & Union, Belk Theatre, and Sophia’s Lounge.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 1 | 6,930 SF | 9’ | 5-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 1
118 W 5th Street features a turn-key, +/- 6,930 SF restaurant space across three levels with an iconic storefront in Uptown Charlotte. Space breakdown: Street level: 2,310 SF Second level: 2,310 SF Basement level: 2,310 SF Situated between Tryon & Church streets, nearby co-tenants include Capital Grille, The Ivey’s Hotel, Basil Thai, Cowbell Burger & Whiskey Bar, Church & Union, Belk Theater, Sophia’s Lounge, and many more. Uptown Charlotte is the 7th fastest metro in the US. Recent sats include: 276,119 population (5-mile radius) $145,376 average income (3-mile radius) 33 MM SF office space + 5.5 MM SF office space planned 1,240 companies + 8 Fortune 500 headquarters 518 K SF retail + 437 K SF retail planned
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Corner Space
- Finished Ceilings: 9’
- Unique storefront on 5th Street.
- Second generation restaurant.
- Immediate availability.
- Uptown Charlotte is the 7th fastest metro in USA.
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 | 6,930 SF | Gross Leasable Area | 6,930 SF |
| Property Type | Retail | Year Built | 1910 |
| Property Subtype | Restaurant |
| Total Space Available | 6,930 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,930 SF |
| Year Built | 1910 |
ABOUT THE PROPERTY
118 W 5th Street features a turn-key, +/- 6,930 SF restaurant space across three levels with an iconic storefront in Uptown Charlotte. Situated between Tryon & Church streets, nearby co-tenants include Capital Grille, The Ivey’s Hotel, Basil Thai, Cowbell Burger & Whiskey Bar, Church & Union, Belk Theater, Sophia’s Lounge, and many more. Uptown Charlotte is the 7th fastest metro in the US. Recent sats include: 276,119 population (5-mile radius) $145,376 average income (3-mile radius) 33 MM SF office space + 5.5 MM SF office space planned 1,240 companies + 8 Fortune 500 headquarters 518 K SF retail + 437 K SF retail planned
NEARBY MAJOR RETAILERS
Presented by
Rebel Rebel
Latorre's | 118 W 5th St
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