NNN Restaurant
For Sale
Contact for pricing
2294 Lillie Ave, Summerland, CA 93067
Two-story restaurant property with three outdoor patios, ocean views, and an established long-term occupant.
Property Size2,739 SF
Lot Size0.11 Acres
Days on Market131
Property Features for 2294 Lillie Ave
General Information
Standard status
Active
Size
2,739 SF
Lot size
0.11 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Net Operating Income
$90,387
Financials
Asking Price
$2,000,000
Cap Rate
4.5%
Restaurant
Seating Capacity
170
Patio
Yes
Additional Details
Highway Access
Yes
Sprinkler System
No
Building Details
Year Built
1893
Year Renovated
1981
Buildings
1
Stories
2
Construction
wood frame
Tenancy
Single
Listing Agency:
Hayes Commercial Group
(805) 898-4365
Listed By:
Francois DeJohn · License #CA01144570
Source:
Crexi
Added: Apr 23
Changed: Aug 31
Last Checked: Aug 30 at 2:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
Investment Insights
Based on property information with market context.
Located at 2294 Lillie Ave in Summerland, this two-story restaurant building contains 2,739 square feet, including 2,207 square feet on the first floor and 538 square feet on the second. The property offers seating for 170 guests, with 72 inside and 98 outside, plus 2,034 square feet of patio area distributed among three separate patios. Ocean views and a corner position near the US101 off-ramp add to the physical setting.
The building is occupied by Summerland Beach Cafe under a 15-year NNN lease. The tenant has operated at the property since 1981, and the building was constructed in 1893 and remodeled in 1981. Improvements include a flat roof replaced in 2012, a shingled roof replaced in 2009, wood-frame construction, one restroom set, and heat-only HVAC. The 4,922-square-foot site has C-1 zoning and no on-site parking; free street parking is available in front, with an additional parking lot across the street.
The building is occupied by Summerland Beach Cafe under a 15-year NNN lease. The tenant has operated at the property since 1981, and the building was constructed in 1893 and remodeled in 1981. Improvements include a flat roof replaced in 2012, a shingled roof replaced in 2009, wood-frame construction, one restroom set, and heat-only HVAC. The 4,922-square-foot site has C-1 zoning and no on-site parking; free street parking is available in front, with an additional parking lot across the street.
Key Highlights
- 2,739 SF building on a 4,922 SF site
- 15‑year NNN lease with Summerland Beach Cafe, an occupant since 1981
- 170‑seat restaurant: 72 indoor and 98 outdoor seats
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 93067, CA
734
Population
549
Households
1.3
Avg Household Size
49
Median Age
51%
College-Educated
90%
High-School Grad
0.6 sq mi
ZIP Area
1,223
Density / Sq Mi
$44,148
Median Earnings
$1,597,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Two-story restaurant property with three outdoor patios, ocean views, and an established long-term occupant.
Where is this nnn property located?
The property is located at 2294 Lillie Ave Summerland, CA.
What are key features of this property?
This property features: 2,739 SF building on a 4,922 SF site; 15‑year NNN lease with Summerland Beach Cafe, an occupant since 1981; 170‑seat restaurant: 72 indoor and 98 outdoor seats
