Plaza Pescador, San Jose Del Cabo, ­ ­

Property Description

Secure steady cash flow with an established 10-year lease restaurant tenant (9.3% ROI)Reduce your investment risk with a trusted success. Plaza del Pescador is a well-positioned property with a strong presence since 2012. This 4,955.7 sq ft (460.4 M2) restaurant commercial space hosts a highly successful, long-term tenant with a proven track record (details available upon request). The current annual cash flow is 118K USD with an active lease agreement until 2032. A high profile opportunity to earn 9.3% return on investment with built-in inflation increments through a pre-existing 10-year lease. The space is cornered on the left end when facing the strip mall. The front is 16.93 linear meters along the extra wide pedestrian walkway. The industrious design is completed with floor to ceiling clear windows, and quality flooring that withstands high volume traffic and heavy furniture. The double terrace, three restroom stalls, service entrance, storage area, bar, and closed off kitchen makes it desirable to fulfill the current tenants needs and versatile for future ones.The tenant currently hosts a capacity for 90 guests and 150 for private events. It provides unique culinary options with quality grills and Mexican classics. The meticulously designed dimmed lighting invites an exquisite ambiance to enjoy a dining experience paired with live jazz nights, happy hours, and entertainment.The prime location faces the entrance to Royal Solaris and the Hilton Cabo Azul hotels, capturing massive foot traffic. The vibrant San Jose tourist corridor is the only four lane avenue with a designated bike lane, wide pedestrian crossroads, and well maintained public areas for both locals and tourists to enjoy. The hotels nearby total over 1850 rooms, at an average of 72% occupancy rate, the area has an estimated 66,590 monthly visitors. A statistic that will keep any future tenants' interest.Unlike vacation rentals, this commercial tenants minimizes turnover. The lease agreement outlines pre-defined tenant improvements and maintenance responsibilities.Other Highlights:- Walking distance to the ocean - Surging commercial rental demand that outpaces supply in an intensifying commercial market momentum- 137 Underground parking spots for guests convenience- Food service industry projects growth and is resilient during recessionsThe location caters not only to the tourism industry, but also to over 400 nearby residences among the Club la Costa phases I-III, Misiones, Las Mañanitas, and Tortuga Bay housing developments. Plaza del Pescador is complemented by an array of attractions including cafes, banks, restaurants, retail, offices, and fitness centers that service a broad range of ages from Gen Z to Boomers.Invest in a secure, passive income stream and own a piece of a thriving district. View for yourself if it's a good fit for your portfolio and dine on site (available on Open Table as Penca). This is an ideal find for investors seeking a hands-off approach to generating a significant financial advantage with minimal management responsibilities.