RFP-Lease of Commercial Building- 17 First Ave

The Atlantic Highlands Harbor Commission, on behalf of the Borough of Atlantic Highlands, is soliciting proposals from qualified vendors to operate a retail‑type concession in the former salon building at 17 First Ave. The successful vendor will enter a commercial triple‑net lease for a ~640 sq ft ground‑floor space (plus a storage shed) and must provide a business plan, demonstrate relevant retail experience, and meet financial requirements (including a $25,000 liquid‑asset demonstration, $250 non‑refundable review fee, and a $2,880 security deposit). The lease term is five years with an optional five‑year renewal, and rent starts at $14,400 per year with a minimum 4 % annual escalation. Proposals must be submitted by April 7 2016, with an electronic notice of intent due by April 1 2016. The opportunity is limited to retail‑service uses serving the fishing/boating community; restaurant or professional‑office uses are prohibited without additional approvals. • Operate a retail‑service concession under a triple‑net lease (tenant pays taxes, insurance, maintenance). • Minimum annual rent $14,400, 4 % escalation each year; lease term 5 years (+ optional 5‑year renewal). • Financial prerequisites: $250 review fee, $2,880 security deposit, $25,000 liquid‑asset demonstration, and a detailed business plan. • Submission deadlines: Intent notice by April 1 2016; sealed bid by April 7 2016.