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Property profile & analytics
FOR LEASE
Turn key restaurants

205 Highway 246 E Buellton, CA 93427

0.65 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-5446105
Property summary
AI-generated overview

This 3,900 square foot freestanding restaurant space, built in 2015, offers 1,900 square feet of immediately available space for lease. Located within the Crossroads at Buellton Village, a 100,000 square foot shopping center, this property enjoys a high-traffic location directly off Highway 246 at the Lompoc & Solvang exit of Highway 101. The property benefits from excellent visibility and frontage on Highway 246, placing it within a thriving retail hub in the Santa Ynez Valley. This single-tenant space is ideal for food-related businesses and boasts strong co-tenancy with established brands including Tractor Supply Co, Starbucks Coffee, Panda Express, The Habit Burger Grill, and T-Mobile. The convenient location provides easy access to Solvang, Chumash Casino Resort, and Cachuma Lake, ensuring a large potential customer base. The property's previous use as a restaurant makes it ready for immediate occupancy by a similar business. This is a rare opportunity to secure a prime retail space in a high-growth area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.65 ac (28,314 SF)
APN 137-790-024
UPID US09-5446105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AA Kitchen & Bath Renovation Buellton Construction Company
  • The Habit Burger Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.83M
Owner & transaction history
246 Highway LLC · 4 yrs held
246 Highway LLC
since 2021
Last sale
$3.0M
1 recorded transaction
2021
$3.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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