1075-1077 El Camino Real
Menlo Park, CA 94025
Property For Lease

Marcus & Millichap is pleased to present a coveted restaurant property located in the heart of Menlo Park (1075-1077 El Camino Real) that offers turnkey potential for a discerning owner-user restaurateur looking to expand their brand or create a new one. This building has the potential to be one of the finest restaurants in area. Menlo Park, a city with a population of 33,869 residents, boasts a median household income of $147,824. This building is perfectly situated to serve a high end clientele. The subject property is positioned along historic El Camino Real and provides excellent visibility, with a daily traffic count of 62,190. The +/- 3,640 sq ft property boasts a +/- 1,255 sq ft roof terrace with seating for over 80 guests. With two stories and three indoor eating areas, including a formal dining room, there is seating for 210+ guests in total. The kitchen has recently been remodeled, providing a unique opportunity for the next owner to seamlessly begin operations. The property has a bar strategically located on each level to ensure operational efficiency and allow guests to receive drink orders quickly. The property sits on a 2,614 sq ft lot, with rear access via Johnston Lane, in addition to 29 feet of frontage along El Camino Real. The property would be ideally utilized by an owner-user, one who emphasizes the outdoor dining aspect of the property. Situated less than 400 ft from nearby free city parking, customers have easy and convenient access to the location. There are currently 12 projects underway which will add a total of 502 new residential units within walking distance of the property. This is projected to equate to a 300,000 meals per year boost to the local economy. There are a multitude of reasons this property is so attractive. Its prime location and unique rooftop terrace are unmatched in the area. The existing restaurant equipment and infrastructure are already in place. Growth forecasts for the area are robust. In addition, as the years progress the annual debt service on the SBA-504 Loan will remain stagnant while equivalent space rental rates will be subject to CPI percentage increases. Purchasing the property will also allow the owner to deduct deprecation from their personal bottom line at the end of each year. 1075-1077 El Camino Real, Menlo Park APN 071-287-030 is an exceptional opportunity for a restaurant owner to enter a high barriers-to-entry market in a prime location. The two-story wood frame building features an attractive exterior stucco facade with a wood siding patio area has the infrastructure for an owner to operate a world class restaurant.