Well Established Type 48 Bar Location

This location has been on the map since the early 50's with only three owners since that time. The latest ownership of Blonde Bar decided to end its 23 year tenure (previously Bar Dynamite) in 2020 due to COVID-19. The ownership of the property is looking for an individual or group to come in and take the bar to the next level bringing in a fresh look and concept (no dive bar/live bands). There's a huge drawing card having nationally recognized Lucha Libre Taco Shop right next door adding heavy foot traffic to an already high vehicular traffic count. On the other bookend you have Palomar Market that was established back in 1927 with only its second ownership and Yoshino's Japanese Restaurant that has been around since the late 70's. There's a considerable amount of parking available in the lot adjacent to the bar plus extensive on-street parking as well. Mission Hills is a very well known area for some of the best restaurants and bars in San Diego. There are two separate parts to this transaction. The ownership of the property is looking to lease the location (10-year+10-year option) Negotiable $3.50/sq.ft. + NNN (Approx $1750/mn incl. prop taxes/insurance/water&sewer/trash/maintenance/pest control/etc). The second part of the transaction is if you wish to obtain the existing type 48 license from the prior bar ownership they're willing to sell it for a non-negotiable $180,000. They're willing to finance subject to credit approval. The benefit of obtaining the existing license is streamlining the application process. As long as you have a clean criminal record and financials it will save you at least 9-12 months of application processing time and a very minimal review time with state and local agencies. We're looking for an individual or group that is financially stable, not empty pockets with hopes and dreams. Before any serious lease negotiations are conducted you will be asked to provide financials so that we don't waste each others time. The ownership of the property took the opportunity with the vacant space to open up the ceiling and expose all of the plumbing for the four residential units directly above and install new wool insulation which is the ground work for sound proofing and climate control. The ceiling has been left exposed otherwise so that the new tenant can install whatever electrical/lighting/sound/HVAC they wish. The bar has a large walk-in, ice machine, HVAC, and 2 bathrooms. Please contact Peter @ 858-775-4246 ZVK Property Mgmt to inquire about the location and schedule a walk-through of the location. Location: San Diego, California Year Established: 1999 Real Estate: Leased Building Sq. Ft.: 1,511 Rent: $5,300.00 Per Month