|
Offered at $1,850,000
~ SOLD ~ |
|
|
|
|
This historic, stand-alone, two-story restaurant building is located in the heart of Los Olivos. The recently remodeled interior features a decorative tin ceiling, a long wooden bar flanking the kitchen, hardwood beams and paneling. The property also includes parking in the rear and a large fenced patio area.
The Subject Property is centrally located in Los Olivos in the heart of Santa Barbara wine country, midway between Santa Barbara to the south and Santa Maria to the north. Other
well-known Santa Barbara County towns nearby include Santa Ynez, Solvang and Buellton. Los Olivos is accessible to the South County via Highways 154 and 101, and to the North County via Highway 101.
|
|
|
|
7 page Sales Flyer with
additional information
and images > |
|
|
|
|
|
|
Size: 1st Floor: ± 1,703 SF
2nd Floor: ±1,651 SF
Total: ±3,354 SF NOI ▶ $77,596
APN ▶ 135-091-009
Lot Size ▶ ± 6,970 SF
Zoning ▶ C-2 (County of Santa Barbara)
Sewer ▶ Septic
Year Built ▶ 1901 (Concrete Slab Wood Frame)
Air Conditioning ▶ Yes (Restaurant Area)
LEASING SPECIFICS
-
Lessee: Nichols Brothers Retaurant | Expiration: 09/30/2021
-
Options: 1–5 years remaining at market
-
Monthly Base Rent: $6,375.14 (Possible upside in 2nd floor lease rate)
-
Guaranty: Jeffrey & Matthew Nichols
-
Septic System: Maintained by Lessee
-
4-Calendar Day Right of First Refusal to Purchase | Annual CPI Rent Increases
-
The tenant ran successfully the Brother’s Restaurant at Matteis Tavern for years
until opening the subject property, aka Sides Hardware and Shoes a Brothers
Restaurant. They also own and operate the Red Barn restaurant in Santa Ynez.
They have a proven and successful track record as restaurant operators
|
|
|
|
|
|
2375 Alamo
Pintado,
Los Olivos, California |
|
Offered at $1,850,000 |
|
|
|
|
|
