Two Location Entertainment Venue Opportunity

Transcription

1 San Diego/Norco, CA Two Location Entertainment Venue Opportunity Business can be sold or leased separately Assets Include: 2 prime locations, over $5 million invested with high quality FF&E, liquor licenses, unique gaming licenses with exclusivity and brand assets including trademark San Diego, CA: Operating 8,200 SF sports bar restaurant with integrated gaming, type 47 liquor license, 2 levels, 2 bars, 2 patios and 2 interior balconies The location is directly opposite the San Diego Convention Center which gets 800,000 visitors per year and less than a 1 minute walk directly to the heart of the Gaslamp entertainment district including Petco Park baseball stadium Over $3.5 million invested including high quality FF&E Unique gaming license for wagering on horse racing with 3 mile exclusivity* * Existing mini-satellite horse racing wagering approvals include a 3 mile (as the crow flies) zone of exclusivity around the location Norco, CA: Prime corner location with over $1 million invested to date including permitting, plans, licenses and partial construction Over 30,000 cars passing each day and close by to the new $45 million Silverlakes Sports Complex 9,363 permitted sports bar restaurant with integrated gaming and type 47 liquor license Unique gaming license for wagering on horse racing with 9 mile exclusivity* * Existing mini-satellite horse racing wagering approvals include a 9 mile (as the crow flies) zone of exclusivity around the location FOR MORE INFORMATION: Wally Egelanian wegelanian@gordonbrothers.com (516)

2 Downtown Restaurant and Entertainment Venue 100 Harbor Drive, San Diego, CA Gaslamp Quarter Over $3.5 million invested including high quality FF&E, liquor license, permitting and exclusive gaming licensing (DO NOT DISTURB: Operating Entertainment Venue) Property Summary: Building SF: 8,200 Lease Expiration: April 2024 Current Lease Options: 5 yrs Opened November 2015 Taxes and CAM: $11.99 PSF Significant Signage: 15ft+ wide fully lit sign and a free standing digital LCD signage board 3 mile exclusive wagering radius* Only horse wagering venue in a major downtown city in CA Highlights: The location is directly opposite the San Diego Convention Center which gets 800k+ visitors per year and less than a 1 minute walk directly to the heart of the Gaslamp entertainment district including Petco Park baseball stadium Over $3.5 million invested in permitting, high quality FF&E, 100 s of HD TV s, type 47 liquor license, a unique gaming license for wagering on horse racing with area exclusivity all across 2 levels, 2 bars and 2 patios FOR MORE INFORMATION: Wally Egelanian wegelanian@gordonbrothers.com (516) John Fox jfox@gordonbrothers.com gordonbrothers.com/realestate * Existing mini-satellite horse racing wagering approvals include a 3 mile (as the crow flies) zone of exclusivity around the location.

3 MONROE, NC 100 Harbor Drive, San Diego, CA EXCLUSIVE ADDITIONAL IN-VENUE WAGERING OPPORTUNITY: This location is uniquely permitted to enable wagering on horse racing onsite which has the potential of a six-figure plus annual income stream with almost zero operating costs. With less than 40 wagering locations in the state of California, which is 1 location per million residents, over $1.6 billion wagered on horse racing in California each year, a 3 mile zone of exclusivity around the location which no other wagering location can be operated, and the potential for future gaming expansion as regulations may permit, this unique integrated gaming entertainment license offers significant upside potential to any operator. MARKET OVERVIEW: Striders is located in the Gaslamp Quarter of Downtown San Diego, a 16½ block historical neighborhood consisting of dining, nightlife, culture, retail, Petco Park home of the San Diego Padres, and a wide range of diverse hotel accommodations. Situated directly across the street from the San Diego Convention Center, surrounded by several high end condominiums and several large hotels, Striders can accommodate private parties and events.

4 100 Harbor Drive, San Diego, CA Ideal location in Downtown San Diego. Surrounded by Grand Hyatt (1,500+ rooms), Marriot Marquis (1,300+ rooms) Hilton Bayfront (1,100+ rooms), Hilton Gaslamp (400+ rooms), Hard Rock (400+ rooms), major condominium buildings which include Harbor Club (200+ units), Pinnacle (180+ units), Horizons (200+ units), Petco Park a 42,000 seat stadium and event venue with over 1 million attendees annually. Regularly Featured In: Featured Striders in its top sports bar list August 2017 Featured Striders Best Things to Do in San Diego May 2017

5 100 Harbor Drive, San Diego, CA

6 100 Harbor Drive, San Diego, CA First Floor Seating Plan First Floor Details: Men's Bathroom: 3 sinks, 2 stalls (1 handicap), 2 urinals Women's Bathroom: 3 sinks, 4 stalls (1 handicap) Bar seating: 22 seats Dining Area: 68 seats Patio #1 (right): 12 tables, 40 seats Patio #2 (left ): 5 tables, 14 seats First floor total seats 144

7 100 Harbor Drive, San Diego, CA Second Floor Seating Plan Second Floor Details: Men's Bathroom: 2 sinks, 1 stall (handicap), 1 urinal Women's Bathroom: 2 sinks, 2 stalls (1 handicap) Bar Dining Seating: 10 tables, 68 seats Private Dining #1: 8 tables, 32 seats Private Dining #2: 4 tables, 20 seats Total Second Floor Seating 120

8 100 Harbor Drive, San Diego, CA

9 100 Harbor Drive, San Diego, CA

10 NORCO, CA Prime Corner Location Available For Build Out 2895 Hamner Avenue, Norco, CA - Riverside County Permitted Full Service Restaurant Sports Bar and Horse Racing Wagering Location with Type 47 Liquor License Property Summary: Building SF: 9, Parking Stalls on 1 acre Lease Expiration: Nov Current Lease Options: 5 yrs Annual Taxes: $8,905 Roadside Signage Exclusive licensed gaming venue opportunity 9 Mile Exclusive Wagering Radius* * Existing mini-satellite horse racing wagering approvals include a 9 mile (as the crow flies) zone of exclusivity around the location Highlights: Over $1 million invested to date including permitting, plans, licenses and partial construction Partial construction completed which includes much of the underground heavy lifting including plumbing, utilities, grease trap and rough framing. More details can be provided as required Full construction plans, architectural design and bid sets are completed FOR MORE INFORMATION: Wally Egelanian wegelanian@gordonbrothers.com (516) Jeff Drew Retail Insite (858) gordonbrothers.com/realestate

11 MONROE, NC NORCO, CA 2895 Hamner Avenue, Norco, CA EXCLUSIVE ADDITIONAL IN-VENUE WAGERING OPPORTUNITY: This location is uniquely permitted to enable wagering on horse racing onsite which has the potential of a six-figure plus annual income stream with almost zero operating costs. With less than 40 wagering locations in the state of California, which is 1 location per million residents, over $1.6 billion wagered on horse racing in California each year, a 9 mile zone of exclusivity around the location which no other wagering location can be operated within, and the potential for future gaming expansion as regulations may permit, this unique integrated gaming entertainment license offers a significant upside potential for any operator. MARKET OVERVIEW: Norco is a city in Riverside County, California and is known as Horse Town USA due to its residents passion for all things equestrian. Norco has the 4 th highest average household income in Riverside County and has a strong surrounding catchment area with over 280,000 people within a 5 mile radius and nearby cities including Corona, Eastvale and Rancho Cucamonga. This location is close to the I-15 freeway and is situated directly on Hamner Avenue which has over 30,000 cars passing the location every day. Norco is experiencing significant economic development due to the launch of the $45 million Silverlakes Sports Complex which currently draws over 1 million visitors per year with this increasing to 3 million visitors per year over the next few years mile distance

12 NORCO, CA 2895 Hamner Avenue, Norco, CA

13 NORCO, CA 2895 Hamner Avenue, Norco, CA

14 NORCO, CA 2895 Hamner Avenue, Norco, CA Site Plan

15 101 Harbor Drive, Suite 100, San Diego, CA Floor Plan First Floor Details: 324 seats. 65 parking stalls. Large enclosed patio area. Large full-service kitchen and storage. Multiple restrooms.

16 NORCO, CA 2895 Hamner Avenue, Norco, CA Rendering