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L'Ardoise Bistro 151 Noe St 1,100 SF Retail Building San Francisco, CA 94114 $1,018,000 ($925.45/SF) 7.75% Cap Rate
Investment Highlights
- Established San Francisco Restaurant | Longstanding Tenant Commitment
- Parking & Accessibility
- Affluent Demographics | Strong Consumer Base
- Prime San Francisco Location | Dense Urban Trade Area
- Proximity to Downtown & Transit Connectivity
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Restaurant investment property located in San Francisco, CA. The tenant, L’Ardoise Bistro recently exercised their 5-year option to extend, demonstrating their commitment to the site. The lease features 4% rental increases every year throughout the initial term and 5% at the beginning of the option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,100 SF
Building Class
C
Year Built
1900
Price
$1,018,000
Price Per SF
$925.45
Cap Rate
7.75%
NOI
$78,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.05 AC
Amenities
- Restaurant
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 3541-032 | Improvements Assessment | $2,414,996 |
| Land Assessment | $2,383,491 | Total Assessment | $4,798,487 |
Property Taxes
Parcel Number
3541-032
Land Assessment
$2,383,491
Improvements Assessment
$2,414,996
Total Assessment
$4,798,487
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L'Ardoise Bistro | 151 Noe St
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