Legacy Asset in Downtown Core Encinitas on Historic Coast Hwy 101 Urban West Ventures, as exclusive listing broker, is pleased to present to well-qualified investors the opportunity to acquire a One-of-a-Kind Legacy Asset in Downtown Encinitas on Historic Coast Hwy 101. Formerly known as The Daley Double Saloon, 540-546 S Coast Hwy 101, Encinitas, CA 92024 (the “Property”), is a 6,188 Sq Ft retail building hosting both the Historic Encinitas Saloon and sister-bar, Shelter. The Property is now available for the first time in 67 years. Strategically located on the Historic Coast Hwy 101 in Downtown Encinitas, and only 4 blocks to the famous Moonlight Beach, the Property is recognized as having a ‘Walker’s Paradise – 91’ walk score. Surrounded by savory restaurants, chic shopping, hip cafes, coastal-corporate headquarters, public transit stations (train & bus), and situated ½ mile to the West of Interstate 5 (San Diego County’s major N/S coastal artery connecting Los Angeles-San Diego-Mexico) the Property’s location & value are both highly insulated. The Property offers appx 6,188 Sq Ft, consisting of two (2) ground floor bar/nightlife establishments totaling appx 4,789 Sq Ft and one 2nd floor apartment of appx 1,399 Sq Ft. The entire property is occupied by one operator/tenant, Saloon Entertainment, LLC, with a successful 17-year track record dating back to 2007. A new Owner will enjoy the baked-in stability of an absolute Net Lease through February 28, 2036 inclusive of a Personal Guarantee, annual CPI base rent increases & 11+ years of cash-flow as well as recent upgrades (2023) to the roof and windows. We encourage all qualified investors to review this Once-In-A-Lifetime Opportunity as the next addition to their portfolio. I N V E S T M E N T O V E R V I E W : - List Price: $6,466,549 ($1,045/Sq Ft) - NOI: $294,228 - Going-In Cap Rate: 4.55% - AVG Cap Rate: 5.21% - Term Cap Rate: 6.15% I N V E S T M E N T H I G H L I G H T S : - Ideal 1031 Replacement Property - Well-Insulated Investment – Geographically & Demographically - Irreplaceable Historic Coastal Asset - Absolute Net Lease Investment - 11+ Years Remaining on Initial Lease Term - 17+ Years of Successful Track Record (Tenant) - Annual CPI Base Rent Increase (April) - Personal Guarantee - RARE Type 48 Liquor License (The Only One Available in City of Encinitas) M A R K E T F U N D A M E N T A L S - C A R D I F F / E N C I N I T A S R E T A I L S U B M A R K E T - Inventory Sq Ft: 5,035,733 Sq Ft - Vacancy Rate: 2.6% - Under Construction: 0 Sq Ft - Cap Rate: 4.9% (3-Yr Avg)