
About this Property
EXECUTIVE SUMMARY
Lizard’s Liquid Lounge high grossing, iconic brand has been in
business for the last 18 years. The corporately held, transferable
Tavern license was originally issued 61 years ago in 1965. There
are approximately 1,500 square feet on the first floor with an
additional 780 square feet in the basement for storage. The
first-floor ceiling height is 11 feet with a bar-top that is 45 linear
feet long. A large keg room is located on the first floor with
a glycol refrigeration system that delivers ice-cold beer to 8
tap handles. A 5-year gross lease starting at $5,500 per month
with three 5-year options. Proof of funds is required prior to
scheduling a showing. Co-Op commission is 3%.
Learn more about Lizard’s Liquid Lounge at:
DO NOT DISTURB THE BUSINESS AND ITS EMPLOYEES.
INVESTMENT HIGHLIGHTS
– Lizard’s Liquid Lounge high grossing, iconic brand has been in business for the last 18
years. www.lizardsliquidlounge.com
– The corporately held, transferable Tavern license was originally issued 61 years ago in
– There are approximately 1,500 square feet on the first floor with an additional 780 square
feet in the basement for storage.
– The first-floor ceiling height is 11 feet with a bar-top that is 45 linear feet long.
– A large keg room is located on the first floor with a glycol refrigeration system that
delivers ice-cold beer to 8 tap handles.
– A 5-year gross lease starting at $5,500 per month with three 5-year options.
– Proof of funds is required prior to scheduling a showing.
– Do not disturb the business and its employees.
– Co-Op commission: 3%
LEASE ABSTRACT
Commencement Date: To Be Deterrmined Posession Date
Lease Expiration Date: 5 years from Possession Date
Lease Type: GROSS
Gross Leasable Area: 1,500 SF
Current Base Rent: $5,500/monthly
Additional Options Term: Three 5-year Renewal Option Periods
Escalations: 2.5% annual escalations, including all Renewal Option Periods
RE Taxes: Landlord is responsible for annual real estate tax bill
Utilities: Tenant is responsible for electric and gas used. Landlord is responsible
for the water bill.
Scavenger – Tenant is responsible for supplying refuse disposal for their Premises
Security Deposit: $11,000
Documents
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Lizard’s Liquid Lounge
- Bar Area
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