Pepper Palace to Open First Location in Manhattan

The hot-sauce specialty shop signed a 10-year lease for 1,200 square feet at 877 Seventh Avenue.

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In the latest, hot retail news, specialty shop Pepper Palace is opening its first location in Manhattan, Commercial Observer has learned. 

The hot-sauce specialty shop signed a 10-year lease for 1,200 square feet at 877 Seventh Avenue, at the corner of West 56th Street, according to information from Kassin Sabbagh Realty.

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KSR’s Matthew Fogel and Albert Halawani brokered the deal on behalf of the tenant. It was not immediately clear who represented the landlord, Time Equities. Asking rent at the property was $275 per square foot, per KSR.

The space is at the base of Carnegie Plaza, a 17-story property that was built in 1925 and converted to condos in 1986, and includes 600 square feet on the ground floor and 600 on the lower level. 

The Tennessee-based Pepper Palace, which sells its own line of hot sauce products, is a national chain with stores with close to 100 stores nationwide. The Midtown location will be the first in the five boroughs, in addition to a shop on Long Island, and a recently-opened outpost in Palisades Mall in West Nyack, in the metro New York area. 

Other retail tenants at the property include Subway, eyewear store Cleo Niccio and Cafe Metro.