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119-121 BroadwaySanta Monica, CA 90401

Prime Santa Monica bar/restaurant, 2,016 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2,016 square foot restaurant and bar located at 119-121 Broadway in Santa Monica, California, presents a unique investment opportunity. Situated just one block from the bustling Third Street Promenade, this property enjoys a highly desirable location in the heart of downtown Santa Monica. Its proximity to the Metro E Line at Colorado and 4th Street ensures excellent accessibility for both local residents and tourists. The property's single-tenant occupancy simplifies management and provides a stable income stream. The vibrant downtown Santa Monica area attracts approximately 20.6 million visitors annually, generating an estimated $954 million in spending. This high foot traffic, combined with the property's convenient location, creates a strong foundation for continued success. The property is located in Los Angeles County, California, with a zip code of 90401. This prime location offers unparalleled access to a diverse customer base, including tourists, commuters, and shoppers from across Los Angeles, drawn to the relaxed atmosphere of downtown Santa Monica. The property's size and location make it ideal for a variety of restaurant and bar concepts. This is a rare opportunity to acquire a thriving business in one of Southern California's most sought-after locations.

Highlights

  • 2,016 square foot space.
  • $17,000 monthly base rent, plus approximately $2,420 in estimated NNN expenses.
  • 5-10 year lease term available.
  • Available for occupancy October 2023.
  • Public parking available nearby with 90 minutes free; monthly parking is $220.

Property Details for 119-121 Broadway

Property type
Restaurants, Bars
RSF (Rentable sq. ft)
2,016 SF

Unit(s) available at that property

Space
Available space
Size
2,016 SF

Location Insight

City
Santa Monica
County
Los Angeles
State
California
Latitude
34.0133608
Longitude
-118.4960419
119-121 Broadway, Santa Monica, California

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119-121 Broadway
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