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3060 Fillmore StSan Francisco, CA 94123
3060 Fillmore Street
Asset ClassRetail
Square Feet10,875
# Tenants: 3% Leased: 100%Year Renovated: 2019Access Data Room
An extremely rare investment opportunity in the heart of San Francisco’s Cow Hollow / Marina District that provides stability of income and long-term upside
overview of deal

Overview

CUSHMAN & WAKEFIELD, as exclusive advisor, is pleased to present the opportunity to acquire 3060 Fillmore Street in San Francisco, California. 3060 Fillmore Street (the “Property” or “3060 Fillmore”) is a premier street-retail offering located at the epicenter of San Francisco’s vibrant Cow Hollow/Marina District neighborhood. The offering is ideally positioned at the intersection of Fillmore and Filbert Streets, which is one of San Francisco’s best retail corners. Its acquisition will provide an investor the unique opportunity to own an unrivaled site, coveted by retailers and favored by San Francisco’s most affluent young consumers.

 

The Property is leased to three attractive and successful tenants, Shake Shack, Rumble Fitness and Red Bay Coffee.

  • Shake Shack is publicly traded as SHAK (NYSE) and owns and operates over 300 outlets nationwide.
  • Rumble Fitness is the wholly owned subsidiary of Xponentital Fitness and is part of its family of well-known fitness concepts including Club Pilates, Pure Barre, Stretch Lab and CycleBar. Rumble Fitness’ parent company is publicly traded under XPOS (NYSE).
  • Red Bay Coffee is an up-and-coming specialty coffee shop, has six San Francisco Bay Area outlets, all enjoying upper demographic locations, as well as a local roastery and specialty coffee van.

3060 Fillmore Street will generate stable and growing income into the future due to its irreplaceable location, incredibly appealing street frontage and a tenancy that reflects the upper-income, highly educated demographic which it serves.

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Investment Highlights

  • Dependable and growing income from stable tenancy
  • High barriers to entry for new retail development in the area
  • Recession-proof trade area and customer base
  • All tenants 100% ecommerce protected
  • Very-low vacancy rate in the trade area
  • Limited comparable investment offerings in the local market
  • Pride-of-Ownership
3060 Fillmore StSan Francisco, CA 94123
Prime San Francisco location in the Cow Hollow/Marina District neighborhoods
Primary trade area contains over 31,000 residents with average household incomes in excess of $244,950
63.4% of trade area residents are between 18 and 50 years old, the tenants’ prime target demographic
Served by three major SF MUNI bus lines
Nearby affordable parking
Key component of neighborhood’s market draw and pedestrian street life

Contacts

Don LebuhnExecutive Managing Director | #01821805(415) 740-6716don.lebuhn@cushwake.com
Dan WaldExecutive Managing Director | #01173211(415) 816-1295dan.wald@cushwake.com
Rick RyanExecutive Director | #01440204(916) 716-9201rick.ryan@cushwake.com
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Listing provided by Revere CRE