Off Market
San Francisco, CA - 151 N Street (L'Ardoise Bistro Restaurant)
151 Noe St | San Francisco, CA 94114
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Restaurant investment property located in San Francisco, CA. The tenant, L’Ardoise Bistro recently exercised their 5-year option to extend, demonstrating their commitment to the site. The lease features 4% rental increases every year throughout the initial term and 5% at the beginning of the option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Location
L’Ardoise Bistro is ideally located in the heart of San Francisco’s Mission Dolores neighborhood, a vibrant and densely populated area that blends residential, retail, and cultural destinations. The property benefits from its proximity to major retail corridors anchored by Whole Foods, Safeway, CVS, Walgreens, Chase, and Wells Fargo, along with popular fitness and lifestyle brands including Barry’s, Fitness SF, and StretchLab. The site is surrounded by numerous schools, parks, and medical facilities, driving consistent daytime and evening traffic. Just three miles from Downtown San Francisco, the property offers convenient access to multiple MUNI and BART stations, connecting it to the broader Bay Area. The dense urban trade area boasts a population of nearly 900,000 residents within five miles, with an average household income exceeding $200,000, and over 575,000 employees, providing an affluent customer base and strong demand drivers for the tenant.