Luckin Coffee Signs Lease At 221 Grand Street In Nolita With Landlord Meng Tsai
LEASED
$168
New York
See Similar DealsRetail1,000 SF
Leased 10/17/2025
LEASED
Luckin Coffee Signs Lease At 221 Grand Street In Nolita With Landlord Meng Tsai
221 Grand Street
See Similar DealsRetail1,000 SF
Leased 10/17/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$168
Total Square Footage:1,000 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 221 Grand Street in the Nolita market. The asking rent is set at $168 per square foot for a total area of 1,000 square feet. The lease type negotiated is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $168/ft
- Lease Type: Single Net Lease
- Landlord: Meng Tsai
- Tenant: Luckin Coffee
- Date of Transaction: 10/17/2025
- Brokers: John Roesch & Jessica Blocker - Meridian Capital Group
The brokers representing this transaction are John Roesch and Jessica Blocker from Meridian Capital Group, who played a key role in facilitating the lease agreement between Meng Tsai and Luckin Coffee.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$192,593.17
Total Lease Value
$1,925,931.72
Net Landlord Cash Flow$192,593.17
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