205 S Mill Street 201, Aspen, CO 81611 (MLS# 181758)

205 S Mill Street 201, Aspen, CO 81611

$275

Property Type: Commercial Lease Lot Size (sq. ft.): 18,000 Status: Closed

Current Price: $275 List Date: 11/21/2023 Last Modified: 9/06/2024

Overview

Description

Available April 1, 2024. PRIME Corner Retail Space for Lease near ''Restaurant Row'' in Aspen's central core. This very visible 1,400 SF space has many big windows, high ceilings, and pedestrian traffic. Located on one of Aspen's best shopping blocks, the Mill Street Plaza has 4 of Aspen's most popular restaurants and is situated within a block of a dozen other restaurants. This is a beautiful move-in condition space with wood floors, stone wall, fireplace & fitting rooms. This is a wonderful opportunity for a retailer in the center of Aspen's vibrant downtown shopping area. NNN Base Rent is $32,083 per month plus approx $3,383 per month for CAMs (taxes, insurance, maintenance, shared utilities & management). Total Gross Rent is approx $35,466 per month. Percentage Rent will also be required. (7% of gross sales or the base rent, whichever is more. i.e. 7% above the ''natural break''.) A winter season popup may be considered at a higher gross rent while seeking a long term tenan ... (Read more)

Listing Details MLS# 181758

Location Info

Type: Leasehold
Major Area: Aspen
Area: 01-Central Core
Original List Price: 275
Street #: 205
Street Direction Pfx: S
Street Name: Mill
Street Suffix: Street
Address 2/Unit #: 201
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Lease Info

Total Building SqFt: 26084.00
Unit SqFt: 1400
Ground Floor SqFt: 1400
Asking Price: 275
Type of Lease: NNN
Lease $ Amount: 425600
Upper Level SqFt: No
Sub-Grade SqFt: 0

Financing Info

Start Date: 2023-11-01
Tax Year: 2022
Security Deposit: 71000
Security $Payable To: Landlord
Annual Tax P/SqFt: 0

Listing Info

SqFt Level: Yes
SqFt Level Location: Ground Floor
Term Offered: 10 years
Seller/Owner is Licensed: No
Member Association: Aspen Association
Annual NNN $/ per SqFt: 29

General Info

Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: CITY AND TOWNSITE OF ASPEN Block: 81 Lot: D AND:- Lot: Thru I
Zoning: CC
Lot SqFt: 18000
Nbr of Acres: 0.41
Under Construction: No
Inventory: No
Parcel #: 273707338004
Year Built: 1982
Year Remodeled: 2018
Directions: The Mill Street Plaza is on the southwest corner of the intersection of Hopkins Avenue and Mill Street.

Status Change Info

Under Contract Date: 2023-11-17
Proposed Leased Date: 2024-04-01
Sold Date: 2024-05-01
Leased Price Per/SF: 0.01
How Leased: Cash

More Information

Remarks

Public Remarks: Available April 1, 2024. PRIME Corner Retail Space for Lease near ''Restaurant Row'' in Aspen's central core. This very visible 1,400 SF space has many big windows, high ceilings, and pedestrian traffic. Located on one of Aspen's best shopping blocks, the Mill Street Plaza has 4 of Aspen's most popular restaurants and is situated within a block of a dozen other restaurants. This is a beautiful move-in condition space with wood floors, stone wall, fireplace & fitting rooms. This is a wonderful opportunity for a retailer in the center of Aspen's vibrant downtown shopping area. NNN Base Rent is $32,083 per month plus approx $3,383 per month for CAMs (taxes, insurance, maintenance, shared utilities & management). Total Gross Rent is approx $35,466 per month. Percentage Rent will also be required. (7% of gross sales or the base rent, whichever is more. i.e. 7% above the ''natural break''.) A winter season popup may be considered at a higher gross rent while seeking a long term tenant.

Allowable Uses

Retail: Yes

Current Use

Retail Store: Yes

Construction

Brick: Yes

Condominiumized

No: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Garden Level: Yes

Gas

None: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Extras

Fireplace: Yes
Handicap Access: Yes

Heating/Cooling

Central AC: Yes
Central Heating: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes

Documents on File

Leases: Yes

Parking

Street Parking: Yes

Occupant

Tenant Occupied: Yes
1 Month to 1 Year: Yes

Disclosures

Excluded Tenant: Yes

Tenant Pays

Annual Escalation: Yes
Building Insurance: Yes
Deposit: Yes
Electricity: Yes
Exterior Maintenance: Yes
Interior Maintenance: Yes
Property Taxes: Yes
Sewer: Yes
Site Maintenance: Yes
Structural Maint: Yes
Trash Collection: Yes
Water: Yes

Owner Pays

Nothing: Yes
Structural Maint: Yes

Terms Offered

Cash: Yes

Possession

Negotiable: Yes

Expenses Include

Grounds Maintenance: Yes
Insurance: Yes
Management: Yes
Sewer: Yes
Snow Removal: Yes
Trash: Yes
Unit Electric: Yes
Unit Heat: Yes
Water: Yes

Sign

No: Yes

Property Features

Allowable Uses: Retail Current Use: Retail Store Construction: Brick Condominiumized: No Roof: Membrane Condition: Excellent Electric: Yes Gas: None Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Structural Maint; Trash Collection; Water Owner Pays: Nothing; Structural Maint Parking: Street Parking Extras: Fireplace; Handicap Access Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Electric; Unit Heat; Water Location Amenities: Corner Lot; High Traffic Loc; High Visibility Occupant: Tenant Occupied; 1 Month to 1 Year Disclosures: Excluded Tenant Documents on File: Leases Terms Offered: Cash Sign: No Possession: Negotiable

Listing Office: Setterfield & Bright

Last Updated: September - 06 - 2024

Broker Attribution: (970) 920-1833

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