First time leasing a restaurant space in LA. Is this a bad deal?
Hi guys, I signed a restaurant space last September in Westwood LA, here are the details:

- 1305 sqft at $6.25/ sqft +$.80 NNN = $9,200/ month
- security deposit = $27,600.75
- first floor of 2-story building built in 1930
- visible facade facing a busy street with high foot traffic
- no TI 
- 3% increase year

Thanks guys
[{"id": "ieaqcn4", "text": "Without doing any actual work to see what market terms are, the lack of any TI seems weird.", "replies": [], "depth": 1}, {"id": "iec0xg7", "text": "Out of curiosity (I\u2019m a noob to this space and learning), did you sign the lease in September however haven\u2019t moved-in/setup shop? \n\nEdit:removed TI inquiry", "replies": [], "depth": 1}, {"id": "iec9yie", "text": "Was it turnkey, ie grease trap, la county food permit signed off, ada inspected. \n\nHow many parking spots you have? Signage rights? \n\nHow long of a term or is it month to month? \n\nHow many other locations do you have? \n\nRestrictions on hours? Liquor license? \n\nRetail is block by block dependent so it could be the best deal or the worst deal depending on neighborhood characteristics. \n\nI would recommend not paying more than 8 percent of your total revenue in rent, so if you can pull in 115k a month in gross revenue, you should be fine.", "replies": [{"id": "ieem1jk", "text": "No, it\u2019s an old masonry building happens to be in a good location. I passed all the inspections and it took me exactly 10 months. \nTerm is 5 years with 5 year option. 2 parking spots in the back alley, 1 main signage with 1 window sign.\nNo restrictions on hours, no liquor license.\nYea, I am hoping to make around that much too :)", "replies": [], "depth": 2}], "depth": 1}, {"id": "iuykuta", "text": "If you need any help leasing another commercial feel free to PM me. I am a commercial real estate broker here in LA/OC.", "replies": [], "depth": 1}]