Ann Arbor, Michigan, a city nestled along the Huron River, is an ideal location for restaurants, offering a unique blend of academic, cultural, and economic opportunities. With a population of around 120,000, Ann Arbor provides a diverse customer base, including students, professionals, and families. The city's strong economy, driven by the University of Michigan, high-tech companies, and research centers, ensures a steady flow of customers for restaurants. Additionally, Ann Arbor's vibrant arts and cultural scene, featuring numerous festivals and events, attracts visitors from across the region, making it an attractive location for restaurants. This Restaurant is For Lease, providing an excellent opportunity for entrepreneurs to capitalize on the city's thriving food scene.
With 2 restaurants available for lease in Ann Arbor, entrepreneurs have a wide range of options to choose from. Ann Arbor's restaurants are strategically located near major attractions, such as the University of Michigan campus, Kerrytown, and the downtown area, ensuring a high volume of foot traffic. In addition to restaurants, Ann Arbor also offers a variety of other commercial properties, including Retail Space, which can be found in popular shopping districts like State Street and South University; Commercial Real Estate, which is ideal for businesses looking to establish a presence in the city; and Flex Space, which provides a versatile option for companies with unique needs. With average annual rents ranging from $35 USD to $35 USD per square foot, and spaces varying in size from 1,200 to 4,724 square feet, entrepreneurs can find the perfect location to suit their business needs. Overall, Ann Arbor's diverse economy, rich cultural scene, and strategic location make it an attractive destination for restaurants and other businesses.
How are restaurant leases typically structured?
Restaurant leases in Ann Arbor are typically structured with a term of 5-10 years, with an average annual rent of $35 USD per square foot. The average size of a restaurant lease in Ann Arbor is around 2,571 square feet, with options ranging from 1,200 to 4,724 square feet, providing flexibility for restaurateurs to find the perfect space to suit their business needs.
What kitchen equipment is usually included in restaurant leases?
When exploring the 2 available restaurant leases in Ann Arbor, you'll often find that kitchen equipment is included in the lease agreement. Typically, this equipment includes commercial-grade appliances such as ovens, stoves, refrigerators, freezers, dishwashers, and sinks, which can vary depending on the specific restaurant space and lease terms.
