RESTAURANT OPPORTUNITY JUST STEPS FROM UC BERKELEY

Transcription

1 RESTAURANT OPPORTUNITY WITH TYPE 41 ABC LICENSE JUST STEPS FROM UC BERKELEY 2505 D HEARST AVENUE, BERKELEY, CA OFFERED EXCLUSIVELY BY: LORI ROSENTHAL lori@gordoncommercial.com CalBRE#

2 Coveted restaurant space in the busy Hearst Food Court. DIRECTLY across from UC Berkeley, on the north side of campus. Shared outdoor seating at community tables, and roll-up door creates indoor/outdoor space. 1 parking space and storage for an additional $200/month fee (no electricity in storage space). OVERVIEW FEATURES LEASE DETAILS Square feet: ± 810 rsf Type 1 Hood Type 41 Wine and Beer License Zoned CN-(H) Fully built out kitchen Indoor seating for 35 patrons Shared outdoor seating New plumbing Shared restroom Other food court tenants include: - Chinese - Vietnamese - Himalayan - Pizza - Subway - BOBA tea Monthly Base Rent: $4,924 Monthly NNN fees: $929 Monthly Total: $5,853 Lease extends through July 31, 2020 Annual rent increases: Greater of 3% of CPI SALE PRICE: $160,000 includes FF&E and Type 41 License

3 FURNITURE, FIXTURES AND EQUIPMENT LIST 6 Type 1 hood with ANSUL system 36 griddle on a 2-drawer refrigerated chef base 2 gas fryers (14.75 ) Convection oven Full-size pan steam table Dual panini press 80 lb fryer filter 48 salad prep table Toaster oven 45 countertop freezer 3-door reach in refrigerator Beverage refrigerator Freezer chest Food processor 4-tap Kegerator 3-spinner milkshake machine Ice cream freezer Beverage cooler Food processor 100 lb grease trap Assorted sinks, shelving units, and prep tables Tables and chairs 65 TV Foosball table Big Buck game machine POS system (supply your own ipad) Wi-Fi DO NOT DISTURB TENANT! PLEASE CONTACT BROKER FOR TOURS.

4 LOCATION, LOCATION, LOCATION Situated DIRECTLY across from UC Berkeley, in the busy Hearst Food Court on the beautiful and bustling north side of campus. This is a rare vacancy in the food court and an excellent opportunity due to the proximity of the campus, student housing and parking. Within walking and biking distance of everything that Cal campus and Downtown Berkeley have to offer. GOURMET GHETTO HOLY HILL 2505 D HEARST AVENUE Close to student housing On the edge of Holy Hill District The Graduate Theological Union is located one block west of Euclid Avenue with several more colleges 2 blocks to Downtown Berkeley with BART and AC transit hub 3 blocks from the Greek Theatre Near Cal Memorial, Edwards Stadium and Haas Pavillion with total of 96,877 seats Close to 14 live theater and music venues total of 20,015 seats 4 blocks to Walnut Square and Gourmet Ghetto featuring well-known destinations such as the Cheeseboard Collective and Chez Panisse DOWNTOWN BERKELEY BART PLAZA

5 OVERVIEW OF DOWNTOWN BERKELEY The city of Berkeley is densely populated with a highly educated, high income population. There are ~90,000 residents within a 2-mile radius of downtown. Almost a third of their households have annual incomes greater than $100, % of these residents over age 25 have Bachelor s degrees; an additional 40% have Graduate degrees. Downtown Berkeley has one of the most heavily-used BART stations in the area. A major hub of public transportation with AC Transit multi-county bus lines, free valet bike parking and bike rental available at the nearby Bike Station. High-foot traffic every day. Traffic count on Shattuck Avenue (at Kittredge Street) is 18,498 Downtown Berkeley BART station has ± 27,000 daily ridership entries and exits Berkeley City College has ± 7,000 students each semester; Berkeley High School has ± 3,500 students annually Downtown Berkeley has 5,500 residents in its 30-block footprint, with over 1,400 new housing units recently completed Over 460 new residential units in a 4-block radius Walking distance to over 119,166 live theater, music, movie theater and sports venue seats DEMOGRAPHICS WITHIN 3 MILES Population 217,151 Average household income $83,715 Daytime Employees 148,736

6 PHOTO TOUR The information contained herein has been provided by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we cannot guarantee it. All information should be verified prior to sale.