Lowell, Massachusetts, a city with a rich history as a planned manufacturing center for textiles, offers a unique opportunity for entrepreneurs looking to lease a restaurant. With its diverse population and strong educational institutions, Lowell is an ideal location for a restaurant, providing a steady stream of customers. The city's revitalization efforts have focused on culture and urban development, making it an attractive destination for visitors and locals alike. Additionally, Lowell's proximity to major transportation facilities, including Interstate 495, U.S. Route 3, and the Lowell Connector, ensures easy access for customers. With 3 restaurants for lease in Lowell, entrepreneurs have a wide range of options to choose from.
Restaurants in Lowell benefit from the city's strong economy, driven by major industries such as healthcare, law enforcement, cable, technology innovation, historical inventions, and banking and financial institutions. The city is also home to several major employers, including educational institutions like UMass Lowell and Middlesex Community College, as well as cultural facilities like the Whistler House Museum of Art and the Merrimack Repertory Theatre. In addition to restaurants, Lowell offers a range of other commercial properties, including retail space, commercial real estate, and flex space. Retail space in Lowell is ideal for businesses looking to capitalize on the city's foot traffic, while commercial real estate provides a range of options for companies of all sizes. Flex space, with its versatility and adaptability, is perfect for businesses that require a unique setup. With its diverse range of commercial properties, Lowell is an attractive destination for entrepreneurs and businesses alike.
How are restaurant leases typically structured?
Restaurant leases in Lowell are typically structured with a term of 5-10 years, with an average annual rent of $18 USD per square foot, and an average size of 1,927 square feet. With 3 available listings, restaurateurs can find a space that fits their needs, from small cafes to large eateries, with options ranging from 600 to 3,254 square feet.
What kitchen equipment is usually included in restaurant leases?
When exploring restaurants for lease in Lowell, Massachusetts, you can typically expect to find kitchen equipment such as commercial-grade refrigerators, freezers, ovens, stoves, and dishwashers included in the lease. Additionally, some leases may also include smaller appliances like microwaves, toasters, and blenders, as well as essential utensils and cookware, depending on the specific terms of the lease and the type of restaurant operation.
