We are pleased to offer this opportunity to acquire a fully built-out restaurant within the heart of thriving Downtown Sacramento.
This 4,100 sf +/- restaurant and bar enjoys a prime spot within walking distance to the Downtown Arena and is situated between the busy J Street corridor and 'The Kay' dining district, an area which is home to many of the area's most popular and successful restaurants and bars.
The restaurant formerly operated as 'Blackbird' and for a short time as 'Bar Rouse' before closing permanently in late 2017. While this opportunity represents a very low cost of entry, the buyer must be both experienced and well-qualified financially in order to qualify as a replacement tenant for this sought-after downtown location.
As a conversion, with the expensive and required improvements, fixtures, and permits already in place, the next occupant will save many months of time on plans, permits, construction, and inspections, along with the substantial initial investment ($2.00+ PSF) required to build-out a restaurant of this quality and size. With a strong business plan, there is flexibility for the next concept. This location has a great mix of both commercial and residential population to draw from. In addition to lunch and dinner business, there is a night life element in the area to tap into. The restaurant is within walking distance of entertainment venues including Cesar Chavez Park where the Downtown Association hosts a popular Summer Concert Series (1 block), the Sacramento Convention Center (3 blocks), and the new Golden 1 Center Downtown Arena (2 1/2 blocks). In addition to street parking, Garages and Light Rail are nearby.
Facility: 4,100sf +/- occupying two levels (approx 2,800sf downstairs + 1,300sf loft/upstairs) and basement.
Occupancy X Interior. No dedicated parking.
Rent: Offered Rent at $1.71sf + approx $.25sf NNN = $7,000/mo base + $1,025/mo NNN = Total Rent $8,025/mo. If Tenant's use requires an Entertainment Permit, the proposed rent shall be $2.00sf + NNN.
Terms: Offering 3-year initial Term with 3% annual increases and 5-year Option to extend at FMR. All permanently attached fixtures remain property of the Landlord, including the Hood System, Walk-Ins, Sinks, Bar and Bar Fixtures. Use of the Furniture and Equipment within the premises is included with the Lease or it is offered for sale @ $50,000 (excluding the permanently attached fixtures). See FF&E List for full details. Security Deposit is 3 Months' Rent (deposit amount subject to change based on Tenant's qualifications). No Tenant Improvement Contribution is offered.
Interested? Please contact us for more information and to arrange site tour!