Pre-proposal – ITN 2026-417-DF – 1040 Lincoln Road, A Commercial Retail Space for Lease

The City-owned ground-floor commercial space at 1040 Lincoln Road Avenue (the “Building”) will be available for lease starting September 1, 2026. This prime commercial retail location offers excellent visibility and foot traffic, benefiting from its position on Lincoln Road and proximity to the historical Colony Theater. The available commercial space spans approximately 820 square feet of ground-floor restaurant space and approximately 272 square feet of ground-floor concession space with a storage unit, adjacent to the Colony Theater, a 12,113-square-foot theater. The layout is ideal for commercial uses, but especially for a food and beverage concept.

The City envisions this space as a versatile retail or restaurant location, centrally located with high pedestrian traffic, offering great potential for tenants (the “Bidders”) focused on serving the local community. With the current tenant vacating the space soon, the City is seeking to secure a new tenant who will contribute to the area’s vibrancy while enhancing the utility of this prime commercial space.

The City seeks responses from Bidders interested and qualified to maintain, manage, and operate a commercial space at the ground floor retail area adjacent to the City-owned Colony Theater on famed Lincoln Road. The successful Bidder will be responsible for rent and its prorated share of property operating expenses (common area maintenance, real estate taxes, insurance, etc.) based on the tenant’s square footage for the ground-level portion of the building. Bidders are to propose a rental structure for the City’s consideration, along with a public benefit program.

August 3, 2026 at 2:00pm

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