25 Year Lease

Santa Barbara, CA (Santa Barbara County)

25 Year Lease

Asking Price:$295,000

Established:N/A

25 Year Lease

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Asset Sale Description

Large restaurant space in a busy shopping center off of State Street. High-traffic thoroughfare generates substantial passer-by traffic and potential customers.

Asset sale only. Full kitchen is included, with hood, walk-in cooler, grease trap, and plenty of dry storage.

Four thousand square foot facility at a below market lease rate, of only $1.95 per square foot – Gross (including NNN), with cost of living increases each year.

Conservative savings to owner of over $70,000 per year, for comparable restaurant spaces. Current lease term expires in 2030, for a total savings over $900,000.

This generous rate and extended lease term is the perfect combination for a new business owner to assume possession and remodel the existing facility at a greatly reduced capital cost.

Please contact Compass First for additional details.

Detailed Information

Facilities:
Large restaurant space in a busy shopping center off of State Street. High-traffic thoroughfare generates substantial passer-by traffic and potential customers. Asset sale only. Full kitchen is included, with hood, walk-in cooler, grease trap, and plenty of dry storage. Four thousand square foot facility at a below market lease rate, of only $1.95 per square foot – Gross (including NNN), with cost of living increases each year.

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Matt Olufs

Asset Sale Listed By:
Matt Olufs

Compass First

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