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El Vaquero Mexican Grill & Event Center 100 S Main St 20,291 SF Retail Building Santa Ana, CA 92701 $11,000,000 ($542.11/SF) 5.11% Cap Rate
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Investment Highlights
- 100 S Main Street is a solid investment opportunity to own a successful restaurant with excess land primed for development.
- A modern entertainment destination with many open seating areas, an outdoor courtyard, VIP Rooms, and multiple bars.
- Expansive excess land is perfect for additional retail and mixed-use development, with a CUP for residential.
- Downtown Santa Ana location with tremendous access and street frontage off S Main and W 1st Street, frequented by over 67,199 vehicles per day.
Executive Summary
Caribou Industries is pleased to provide the opportunity to obtain the fee simple interest in El Vaquero Mexican Grill & Event Center at 100 S Main Street in Santa Ana, California. The property is leased for 10 Years at a 5.11% CAP Rate for $11,000,000. This offering consists of Original Mike's restaurant and its excess parking lot. The site has a CUP (Conditional Use Permit) for 14 new live/work-style lofts.
An ideal restaurant investment opportunity, the Original Mike's building boasts incredible architecture and character with open ceilings and a modern open kitchen concept. The former restaurant, an outstanding establishment known as Original Mike's was recognized as a top-rated restaurant and event center for over 13 years.
Original Mike's site has multiple access points and curb cuts at the rear of the property along both Sycamore Street and W Walnut Street. It also has over 525 linear feet of frontage along W 1st Street and S Main Street. Seize the chance to join other retail operators that have transformed the Downtown Santa Ana landscape, including Playground, Mix-Mix Kitchen, Eat Chow, Crave, Lola Gaspar, Wursthaus, Chapter One, Pizza Press, Portola’s Coffee, and many others.
100 S Main Street is located within the heart of Downtown Santa Ana and within the Santa Ana Specific Plan. Historically, the City of Santa Ana has encouraged and supported an additional retail and/or mixed-use development that plans to promote economic growth, connectivity, and urbanism within the Downtown Santa Ana area. Contact Caribou Industries today for more details.
For the Offering Memorandum and Townhome Plans please reach out to Davis@CaribouInd.com or +1 (714) 498 - 4550 .
An ideal restaurant investment opportunity, the Original Mike's building boasts incredible architecture and character with open ceilings and a modern open kitchen concept. The former restaurant, an outstanding establishment known as Original Mike's was recognized as a top-rated restaurant and event center for over 13 years.
Original Mike's site has multiple access points and curb cuts at the rear of the property along both Sycamore Street and W Walnut Street. It also has over 525 linear feet of frontage along W 1st Street and S Main Street. Seize the chance to join other retail operators that have transformed the Downtown Santa Ana landscape, including Playground, Mix-Mix Kitchen, Eat Chow, Crave, Lola Gaspar, Wursthaus, Chapter One, Pizza Press, Portola’s Coffee, and many others.
100 S Main Street is located within the heart of Downtown Santa Ana and within the Santa Ana Specific Plan. Historically, the City of Santa Ana has encouraged and supported an additional retail and/or mixed-use development that plans to promote economic growth, connectivity, and urbanism within the Downtown Santa Ana area. Contact Caribou Industries today for more details.
For the Offering Memorandum and Townhome Plans please reach out to Davis@CaribouInd.com or +1 (714) 498 - 4550 .
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,291 SF
Building Class
C
Year Built
1924
Price
$11,000,000
Price Per SF
$542.11
Cap Rate
5.11%
NOI
$562,400
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
1.74 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Retail/Office/Medical.
Parking
156 Spaces (7.69 Spaces per 1,000 SF Leased)
Frontage
125’ on MAIN ST
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
60,645
308,776
663,804
2030 Population
60,467
307,441
663,099
2025-2030 Projected Population Growth
-0.3%
-0.4%
-0.1%
Median Age
33.9
35.6
36.9
College Degree + Higher
9%
16%
26%
Daytime Employees
21,076
154,490
441,931
Total Businesses
3,239
21,704
53,141
Average Household Income
$89,238
$112,048
$122,870
Median Household Income
$68,667
$88,807
$98,040
Total Consumer Spending
$452.5M
$2.9B
$7.2B
2025 Households
14,015
78,588
193,220
Average Home Value
$690,436
$701,474
$761,151
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Peroni Pizza | - | - | 3 min walk |
| OmG Omakase by Gino | Japanese | $$$ | 3 min walk |
| Mariscos Clemente | Mexican | $ | 4 min walk |
| Congregation Ale House | Gastropub | - | 5 min walk |
| McDonald's | - | - | 6 min walk |
| Chapter One | American | $$ | 5 min walk |
| Subway | - | - | 6 min walk |
| Waba Grill | - | - | 6 min walk |
| Kebab Place | American | $$$ | 6 min walk |
| El Mercado Modern Cuisine | Contemporary | $$ | 206 min walk |
Retail |
||
|---|---|---|
| CVS Pharmacy | Drug Store | 2 min walk |
| Wells Fargo Bank | Bank | 5 min walk |
| CrossFit | Fitness | 6 min walk |
| Food 4 Less | Supermarket | 6 min walk |
| The UPS Store | Business/Copy/Postal Services | 6 min walk |
| Marshalls | Off-Price | 6 min walk |
| United States Postal Service | Other Services | 8 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 9 min walk |
| Northgate Gonzalez Market | Supermarket | 10 min walk |
| 7-Eleven | Convenience Market | 12 min walk |
Hotels |
|
|---|---|
| Holiday Inn Express |
161 rooms
3 min drive
|
| Courtyard |
155 rooms
7 min drive
|
| Best Western |
33 rooms
7 min drive
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,035,672 | |
| Land Assessment | $739,931 | Total Assessment | $1,775,603 |
Property Taxes
Parcel Numbers
Land Assessment
$739,931
Improvements Assessment
$1,035,672
Total Assessment
$1,775,603
About the Seller
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Sale Advisors
Sale Advisors
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El Vaquero Mexican Grill & Event Center | 100 S Main St
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