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- LoopNet Team
8947 W Sunset Blvd
West Hollywood, CA 90069
Property For Lease
HIGHLIGHTS
- Excellent visibility on the famed Sunset Strip.
- Close to popular restaurants, retail and music venues.
- Secured entry, parking and plenty of natural light.
- Call to tour.
PROPERTY FACTS
| Property Type | Retail | Year Built | 1936 |
| Property Subtype | Restaurant | Parking Ratio | 1.72/1,000 SF |
| Gross Leasable Area | 17,402 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 17,402 SF |
| Year Built | 1936 |
| Parking Ratio | 1.72/1,000 SF |
ABOUT THE PROPERTY
Please read the complete ad and if you have questions feel free to call: Turnkey Restaurant/ Lounge on world renowned Sunset Strip between Rainbow Bar & Grill and Whiskey a GoGo and Roxy. The venue is currently being as a lounge with limited hours. Looking to sublease the space to an experienced operator during unused hours which is about 95% of the week Full liquor and bar and with fully equipped kitchen with license and CUP to serve. Qualified subtenant will take advantage of investment that the owners have made(about $500k including licenses and leasehold).Key money required is $250,000 + plus assumption of a 150k loan. This is not negotiable. The price includes liquor license, CUP and improvements and assumption of the lease which is about $13k/mo. There is 3.5yrs left on current term and another 5 year option left.
