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Tin Fish Oceanside 302 N The Strand

900 SF Retail Building Oceanside, CA 92054 £866,754 (£963/SF) 7% Net Initial Yield

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Executive Summary

A great investment opportunity with a prime location at the base of Oceanside Pier! The EBITDA is excellent and one of the best you will see in the Restaurant arena. With a super low 6% of gross annual revenue for the Commercial Lease Agreement, the profit margin is top-notch. Any interested offers will have to write up a Business Proposal for the Tin Fish and will be reviewed by the City of Oceanside. The Commercial Lease term will initially be for 2 years with a 3rd year extended option as there will also a renovation project to refurbish the Oceanside Pier and rebuild the area. Once completed there will be a new and improved Tin Fish and a longer Lease Term provided when reviewed by the City of Oceanside!

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£60,595	£67.33
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£60,595	£67.33
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£60,595
Annual Per SF	£67.33

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£60,595
Annual Per SF	£67.33

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

Ground Lease Sold

Property Type

Retail

Property Subtype

Restaurant

Building Size

900 SF

Building Class

Year Built

2012

Price

£866,754

Price Per SF

£963

Net Initial Yield

NOI

£60,673

Business Value

£868,932

Tenancy

Single

Number of Floors

Building FAR

0.19

Land Acres

0.11 AC

Zoning

C - Commercial

Amenities

Food Court

Restaurant

About 302 N The Strand , Oceanside, CA 92054

Uncover an extraordinary investment opportunity with The Tin Fish, a renowned restaurant located directly under the iconic Oceanside Pier. This commercial property not only offers unparalleled ocean views and a prime foot traffic location, but also a beloved spot with a strong customer base. Key Features: Location, Location, Location: Nestled beneath Oceanside Pier, The Tin Fish boasts stunning ocean views and is a magnet for both locals and tourists alike. Established Brand: With a reputation for quality and a loyal clientele, this restaurant is a trusted name in Oceanside’s dining scene. Turn-Key Operation: Fully equipped kitchen with top of the line equipment, and outdoor seating to enjoy the scenic beauty of the Pacific. High Visibility: Benefit from the constant stream of visitors to the pier, beach, and nearby attractions. Versatile Space: Ideal for events, casual dining, and special occasions with its adaptable layout and inviting ambiance. Parking & Accessibility: Convenient nearby parking and accessibility features make it easy for guests to visit. Don't Miss Out on This Rare Gem! Seize this rare chance to own a piece of Oceanside's culinary legacy. Whether you're an experienced restaurateur or an investor looking for a prime property with endless potential, The Tin Fish offers an unmatched combination of location, brand value, and opportunity.