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- LoopNet Team
8048 W 3rd St
Los Angeles, CA 90048
THEIA RESTAURANT · Property For Lease
HIGHLIGHTS
- Fully Equipped Kitchen - 20’ Type 1 Hood, & 2 Walk
- Full Bar w/ Type 47 License Included & New CUB
- On one of the hottest blocks of Iconic W. 3rd St.
- Live Entertainment Per CUB
- Private Outdoor Patio
- Neighbors: Bacari, Robata Jinya, Toca Madera
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 10,554 SF |
| Property Subtype | Restaurant | Year Built/Renovated | 1927/2019 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,554 SF |
| Year Built/Renovated | 1927/2019 |
ABOUT THE PROPERTY
THIS IS A KEY MONEY ASSET SALE - PRICE REDUCED - CALL BROKER FOR PRICE - PLEASE DO NOT DISTURB TENANT Theia isn't your typical L.A. dining experience. This restaurant provides a lively yet sophisticated ambiance complete with inventive cocktails, contemporary cuisine, friendly service and lush Instagrammable interiors. Famous for its inspired cocktails paired with live entertainment and an atmosphere that resembles a supper club, yet versatile enough for operators who want to change the concept to a lounge, other fine dining menu, casual dining restaurant with weekend brunches for family and friends. Please visit the link to a 3D Virtual Tour of the restaurant and Theia's Instagram in this listing. The restaurant is approximately 2,095 sq. ft. and seats approx 73+ with a charming outdoor private patio typical of W. 3rd St. and sits in the middle of one of LA's most well known and popular restaurant row's, W. 3rd. joining other frequented restaurants Bacari, Mercado, Toca Madera, and others. What sets this opportunity apart from others, is its rare live entertainment permits. This establishment draws customers from Beverly Hills and West Hollywood, Miracle Mile, Larchmont, Hollywood, and has a loyal following from as far as Malibu and Glendale. Sales have been consistently strong and profitable. The sale includes the Type 47 ABC license allowing full liquor, a fully equipped modern and well maintained chef's kitchen with an approximate 20' ft Type 1 hood, multiple ovens, grills, 6 burner stoves, a Plancha and Salamander, Two (2) walk-In refrigerators, one for food, the other dedicated to beverages, Two (6) drawer refrigerated low boys, and ample storage with rear loading access. The kitchen flow and station layout is one any experienced chef would appreciate to execute just about any type of cuisine, its all here. Theia benefits from a competitive lease that expires February 2025 and has two (2) transferable five (5) year options at 95% of FMV with a great landlord. Rent is $13,112.00 with 3% annual increases, NNN are approx. $3,319.00. The new CUB allows liquor sales to: 11:00 a.m. to 11:00 p.m. Monday – Thursday 11:00 a.m. to 12:00 a.m. Friday & Saturday 11:00 a.m. to 10:00 p.m. Sunday
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
