Meng Tsai Leases Retail Space To Luckin Coffee At 221 Grand Street In Manhattan
LEASED
$168,000
New York
See Similar DealsRetail1,000 SF
Leased 11/04/2025
LEASED
Meng Tsai Leases Retail Space To Luckin Coffee At 221 Grand Street In Manhattan
221 Grand Street
See Similar DealsRetail1,000 SF
Leased 11/04/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$168,000
Total Square Footage:1,000 SF
Transaction Type:Lease
This retail lease transaction involves a property located at 221 Grand Street in Manhattan. The lease is for a duration of 10 years with an asking rent of $168 per square foot for a total space of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $168/ft
- Lease Term: 10 years
- Asset Address: 221 Grand Street
- Market: Manhattan
- Landlord: Meng Tsai
- Tenant: Luckin Coffee
- Landlord's Representative: John Roesch & Jessica Blocker - Meridian Capital Group
- Tenant's Representative: Jiangwei Zhou & Tyler Fan - EXP Commercial
The transaction showcases the collaboration between the representatives from Meridian Capital Group, who facilitated the lease for the landlord, and the representatives from EXP Commercial, who represented the tenant, Luckin Coffee, in the agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$192,593,172.43
Total Lease Value
$1,925,931,724.33
Net Landlord Cash Flow$192,593,172.43
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