| Size |
Ideal size is 2,300
square feet. Will consider size range of 1,900 to
2,500 square feet. |
Exposure* |
Corner or end-cap location. |
Architecture* |
Building must offer
some unique or progressive architechural character. |
Frontage |
28 feet minimum. |
Ceiling
Height |
12 feet (exposed ducting/truss
system preferred). |
HVAC |
Suitable for restaurant
with kitchen. Must be able to install commercial
range hood. 1 ton of cooling for every 150 square
feet. |
Gas |
Must be available to
premise, sized for need. |
Electrical |
400 amp/220V service
available to premise. |
Water |
1 1/2 inch water
service to premise. |
Parking |
Minimum 25 dedicated
parking spaces, if not a high pedestrian location. |
Licenses |
Eligible for liquor
license to sell on-premise wine and beer preferred. |
Signage |
Must permit Poquito
Mas® signage package. Size of exterior signage
must permit reasonable visibility at a distance
of 100 yards. |
Patio |
Exclusive patio
with 15 to 30 seat desirable. |
* Co-Tenancy. Prefer
book stores, coffee shops, grocery stores, video
rental, gift shops, bakeries, banking, theaters,
medical facilities, educational facilities, community
centers, and other high-quality restaurants.
Unpreferrable tenants include low-volume retail
and businesses that close on the evenings and
weekends. |
Employment |
10,000 or more workers
within 1-mile radius. Site must be in a recognized
commercial area that currently services this employment
base. |
Access |
Site permits easy
vehicular or pedestrian access from employment
base. |
Population |
12,000 or more within
1-mile radius. 6,000 or more households within
1-mile radius. Households with children exceeds
15% within 1-mile radius. |
Education |
At least 70% of
population in 1-mile radius has some college education
or above. |
Age |
Average age within
1-mile radius 55 and younger. |
Term |
5-year base term
with three 5-year options. Rent Escalations 10%
increase every 5 years. |
CAM |
Management and administrative
fees shall not exceed 7% of total annual CAM charges. |
Landlord
TI's |
$25 to $60 per square
foot depending upon condition. |
Assignment |
Tenant must have
landlord's pre-approval to assign the lease. |
Exclusive |
Prohibit other restaurants
that derive more than 10 percent of total gross
sales from Mexican dishes. |
Other |
- No percentage rent
- No radius restriction
- 120 day rent abatement from landlord delivery
- No sales reporting
- No marketing fund
|