Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
Welcome to The Shops & Promenade at 1079 Fulton Street, located just 1 mile East of Barclays Center: four premium Retail storefronts ranging from 404 to 716 SF, totaling 2,106 SF--can be leased together or separate--with the key feature being a shared outdoor area (not very common in central Brooklyn) where the possibilities are limitless! Ideal for an ice cream shop, nail salon, coffee shop, and hair salon, but other uses will be considered.
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.