West Petaluma Restaurant/Market - For Lease...5 Guys Burgers 2,000 SF $2.75 psf NNN Renewed 2018...
Transcript of West Petaluma Restaurant/Market - For Lease...5 Guys Burgers 2,000 SF $2.75 psf NNN Renewed 2018...
Lease Rate: $1.75 NNN
Estimated NNN’s = $0.21 PSF
� Lease Without Business Purchase Available Now! � Most Equipment Available for Separate Purchase � Existing Lolita’s Market/Restaurant
(Beer & Wine License Available) � 4,593 ± SF 1st Floor ($1.75 NNN) � 1,450 ± SF Mezzanine ($TBD) � Great Location, Adjacent to Hampton Hotel � Walk to All Downtown Amenities, Smart Train, etc.
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Mike Thomason, Sr Real Estate Advisor - Lic#: 01330583Alan Coldiron, Real Estate Advisor - Lic#: 00638471
1201 North McDowell Blvd, Petaluma, CA 94954(707) 664-1400 Fax: (707) 792-7336
[email protected] | [email protected] above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should
verify the status of the property and the information herein.
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Bodega Avenue
Petaluma Boulevard N
Petaluma Boulevard S
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PhoenixTheatre Boulevard
14 Cinema
TheatreDistrict
PetalumaHigh
School
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Subject Property
Lakeville Street
Lakeville Street
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Location & Business Approx. Space Size
Effective Ratio/SF/Mo Lease Date
2300 Mendocino Ave (Safeway Center)Pieology Pizza
1,400 SF $3.85 psf NNN plus $1.05 psf CAM 07/2016
2300 Mendocino Ave(Safeway Center)Scottrade
1,400 SF $3.67 psf NNN plus $1.05 CAM 02/2015
2064 Santa Rosa AveSourdough Co 1,355 SF $3.87 psf NNN
plus $1.05 psf CAM 09/2019
1501 Farmers LnAuto Association (AAA) 5,500 SF $2.25 psf NNN 2016
Sonoma HwyAnytime Fitness 3,500 SF $2.25 psf NNN Renewed 2018
Steele Ln & Mendocino AvePanera Bread 3,800 SF. $3.20 psf NNN 01/2012
Montgomery VillageBoudin Bakery 4,000 SF $2.75 psf NNN Renewed 2010
Steele LnEuropean Facial 1,800 SF $2.95 psf NNN Renewed 10/2019
1901 Mendocino AveSteel & Hops Pub 3,900 SF $2.85 psf NN 2017
2340 Mendocino Ave(Safeway Center)5 Guys Burgers
2,000 SF $2.75 psf NNN Renewed 2018
NapaHabit Burger 2,000 SF $3.90 psf NNN 2012
Retail Service LocationsLease Comps in Sonoma County 2014-2019 (rev. 10/2019)
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Location & Business Approx. Space Size
Effective Ratio/SF/Mo Lease Date
2108 Mendocino AveAAA Auto Service 4,760 SF $2.95 psf NNN
plus $1.05 CAM 2016
2463 Mendocino AveRedwood Credit Union 4,000 SF $2.95 psf NNN 2017
925 Corporate Cter PkwySt. Joseph Emergency Health
3,200 SF $3.25 psf NNN Renewed 2017
1470 Mendocino AveLittle Caesar’s Pizza 1,750 SF $2.25 psf NNN Renewed 2016
1950 Santa Rosa AvePet Smart 16,000 SF. $2.28 psf NNN Renewed 2017
2550 Guerneville RdTan’s Donuts 1,391 SF $2.63 psf NNN Renewed 2017
1311-A Guerneville RdKwik Stop 2,100 SF $2.73 psf NNN Renewed 11/2017
2182 Santa Rosa Ave(Santa Rosa Marketplace)Chipotle
2,245 SF $4.00 psf NN 06/2014
2500 Mendocino AveSushi 1,445 SF $2.75 psf NNN
$7.05 psf NNN 10/2018
775 Farmers LnCannabis Retail 2,300 SF $7.25 psf 2019
Retail Service LocationsLease Comps in Sonoma County 2014-2019 (rev. 10/2019)
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
13’
78’
50’
95’
50’
*Floor plan not to scale
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Tax Map 451 Lakeville St, Petaluma, CA 94952
Tax Map 451 Lakeville St, Petaluma, CA 94952 11/25/2019 Page 1 (of 1)
©2005-2019 First American Financial Corporation and/or its affiliates. All rights reserved.
Limitation of Liability for Informational ReportIMPORTANT – READ CAREFULLY:THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE CONDITIONOF TITLE TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE COMMITMENT ORPRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY FOR THE BENEFITOF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT MAY NOT BEREPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT REPRESENT ORWARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS PROVIDEDWITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION GIVEN INEXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY LOSS ORDAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS REPORTSHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND AGREESTHAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE. FIRSTAMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THEINFORMATION HEREIN.
User Space: Market/Restaurant Rentable Space: 4,593 SF Ground Floor1,450 SF Mezzanine
County: Sonoma
City: Petaluma Rent: $1.75 NNN Ground Floor$TBD Mezzanine
Zoning: MU1A - Mixed Use
AP#: 007-163-017, .47 Acres NNN Expenses: Estimated $0.21 PSF
Parking: Onsite private lot with ability to expand existing
FF&E: Details available upon request
Description of Premises - AreaWell established Lolita’s Market/Restaurant has been continuously operating at this location since 2002. The location features a high traffic count in West Petaluma and is adjacent to the Hampton Hotel, is a few blocks from the Historical Theatre District and a short walk to the new Smart Train station.
Rent and Lease Terms5-10-year lease term available to credit tenant with appropriate annual rental adjustments. Net property expenses and real estate taxes for this property are currently estimated at $0.21 per square foot per month in addition to base rent, plus utilities.
West Petaluma Restaurant/Market - For Lease451 Lakeville Street, Petaluma, CA
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.