610 Main Street, Cambridge, MA

610 MAIN
STREET
Retail Space For Lease
osborntrianglemit.com
617.401.2871
[email protected]
3
4
13
7
2
7
8
• Approximately 8,500 rentable square feet of retail
and restaurant space on the ground floor of 610
Main Street, a new Class-A lab/office building
currently under construction with expected delivery
summer 2016
610
11 4
5
3
MAIN ST.
6
T.
10
BA
AL
6
9
14
S
NY
• The building is anchored by expanded offices for
Pfizer and located within the Osborne Triangle, at
the cross-section of MIT, Central Square and Kendall
Square
.
T
RS
SA
S
VA
M
AS
SA
• Expansive retail frontage along Main Street with
easy access to public transit, as well as bike and car
sharing services
VE
.
• Space allows for multiple configurations with high
ceilings and utility services stubbed to the premises
LOCAL BUSINESSES
12. MIDDLESEX LOUNGE
13. MIRACLE OF SCIENCE
14. FLOUR BAKERY & CAFÉ
Harvard Sq.
T
• Landlord is seeking dynamic local retail and
restaurant uses that compliment the existing
neighborhood fabric
RETAIL + CULTURE
1. CAMBRIDGE ATHLETIC
2. FEDEX
3. 7 ELEVEN
4. MIT MUSEUM
5. CAMBRIDGE BICYCLE
6. UNIVERSITY STATIONERY
7. CENTRAL BOTTLE
CAMBRIDGE
.5 Miles
Ma
ss A
ve.
Central Sq.
T
.25 Miles
Western Ave.
Kendall/ MIT
T
t.
er S
Riv
610
MAIN ST.
HAR
1. PATTY CHEN'S DUMPLING
ROOM
2. TOSCANINI'S ICE CREAM
3. CRAIGIE ON MAIN
4. BERTUCCI'S
5. CUCHI CUCHI
6. ROYAL EAST
7. AREA FOUR PIZZA
8. CATALYST
9. BEANTOWN TAQUERIA
10. NACO TACO FOOD PARK
11. DARWIN’S LTD.
Pro
FOOD
.
12
Retail Space For Lease
5
ct S
t
2
610 MAIN STREET
1
spe
1
D
VAR
MIT
ge
Brid
DGE
617.401.2871
[email protected]
ard
Harv
BRI
osborntrianglemit.com
BOSTON
Main St.
Lon
MAIN STREET
RETAIL
A
2,125
RSF
RETAIL
C
2,125
RSF
PFIZER
OFFICE
ENTRANCE
RETAIL
D
3,416
RSF
RETAIL CORRIDOR
PFIZER
OFFICE/LAB
PRIVATE WAY
LOADING DOCK
osborntrianglemit.com
617.401.2871
[email protected]
PORTLAND STREET
TRASH/
RETAIL
LOADING
AREA
RETAIL
B
1,069
RSF
One Broadway, 14th Floor
Cambridge, MA 02142
www.graffitosp.com
(617) 401-2871
Property:
610 Main Street, Cambridge, MA
Landlord:
Massachusetts Institute of Technology
Demised Premises:
Approximately 8,500 rentable square feet of divisible ground floor space.
Proposed Use:
Retail, restaurants and services that activate the streetscape and provide
options for the diverse mix of residents and workers in the area.
Base Rent:
TBD with annual increases of 3%.
Percentage Rent:
To be discussed upon further review of Tenant’s investment into the
Premises, sales projections and overall deal economics.
Term:
Initial term of ten years with options available.
Lease Commencement:
The date on which Landlord delivers the Premises to Tenant with any
Landlord Work completed; target dates and specific rent commencement
date to be discussed.
Real Estate Tax/CAM:
Tenant to pay proportionate share of taxes and operating expenses.
[Currently estimated at $12.00 per rentable square foot]
Security Deposit:
To be discussed and subject to overall deal economics and respective
investment into the Premises by Landlord and Tenant.
Landlord Contribution:
Up to $100.00 per square foot depending to on the Proposed Use.
Landlord Work:
Landlord Work shall consist of certain base building improvements as
deemed necessary to prepare the space for Tenant (e.g. demising walls).
Tenant Work:
Tenant Improvements shall be performed by Tenant – at Tenant’s sole
cost and expense – and Tenant accepts the Premises in its “as is”
condition subject only to Landlord Work.
Permits & Licenses:
Tenant shall be responsible for obtaining all other necessary permits,
licenses and approvals for conducting its business.
Conditions:
This term sheet is not an offer and is subject to withdrawal at any time.
Prior to further discussions, Tenant to submit the following for Landlord
review: (i) Tenant’s relevant experience and operating history; (ii)
Tenant’s proposed concept for the Premises; (iii) Tenant’s expected
ownership and operating structure; and (iv) Tenant financials and
revenue projections for the Premises.
Contact:
Dave Downing :: 617.401.2871 :: [email protected]
Sean Alberti :: 617.401.2352 :: [email protected]
Upon Request:
Utility Matrix
The above and attached information regarding the property commonly known as 610 Main Street, Cambridge, Massachusetts (the “Property”) is
being released as an accommodation for general informational purposes only and is not intended and shall not be deemed or construed to be a
representation or warranty regarding the Property.