In one of the hottest water front locations in Sacramento area, this restaurant and bar is surrounded by restaurants doing multi-million dollar annual volume. The Space needs a new concept to keep up with its neighbors that are cranking out the volume. It is a perfect location for a regional or national chain or even a local that wants a second or third location.
This broker believes these concepts will be a homerun for the locaiton.
Pizza
Italian Family Style with moderate Prices
Burgers and American Food with Value Menus
This is a destination location with plenty of tourists as well as locals that come for the good times this area offers. A restaurant recently open next door and in less than four months has produced $1.2 million in sales. THAT'S WHAT WE ARE TALKING ABOUT HERE!
This space has all the making of being great, but the current concept of upscale restaurant with high prices hasn't been a hit, but don't let that stop you from exploring new concepts here because there is massive foot traffic in this area.
The landlord will provide a new lease to a qualified tenant including tenant improvement credits, free rent, etc.
But you'll need a strong personal financial statement, plenty of cash and lots of restaurant experience and restaurants in your portfolio.
The current restaurant operating at this location has a type 47 as well as plenty of equipment that could be purchased, but that's a separate negotiation where the landlord is not invovled. This broker will negotiate that for you.
Base Rent is only $1.50 Sq. Ft. plus NNN/CAM.
Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 39,149 | 95,943 | 274,263 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 14,012 | 37,586 | 100,567 |
2010 Persons Per Household | 2.66 | 2.43 | 2.56 |
Median House Value | $170,700 | $211,730 | $244,348 |
Income Per Household | $56,280 | $48,490 | $52,707 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 574 | 3,918 | 7,890 |
2012 Number Of Employees | 21,158 | 132,156 | 263,308 |
2012 Total Annual Payroll | $771,755,000 | $3,587,391,000 | $4,294,967,295 |
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