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1st Floor - Unit 3
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Retail
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600 SF
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$850,000 USD
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Unit Size: 600 SF
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Condo Use: Retail
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Price: $850,000 USD
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Sale Type: Investment
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Price/SF: $1,416.67 USD
Sale Notes
3 Stanyan Street is being offered for sale with a NNN Lease currently in-place through April 2029. The lease includes both personal and corporate guarantees and provides for annual rent escalations, offering stable income to an investor in the near term.
For future planning, this property presents a unique opportunity for an owner/operator in the food and beverage industry. The space is fully improved with a 4' Type 2 hood, restroom, and a fully built-out kitchen, making this ideal for a wide range of restaurant or specialty food concepts. While a gas line is available and runs to the unit, it was deactivated in 2018 as it was not necessary for the current tenant’s operation, but it can be reactivated to suit future needs.
Upon lease expiration, the property offers flexibility to either re-tenant the space at market rents or transition to owner-occupancy, making this a versatile acquisition for both investors and potential end-users.
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Cole Pasjuta
Ayana Retail
