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401 G Street

Forward Hospitality Group Leases 12,000 SF Retail Space In San Diego's Gaslamp Quarter For Good Night John Boy
LEASEDRetail

Forward Hospitality Group Leases 12,000 SF Retail Space In San Diego's Gaslamp Quarter For Good Night John Boy

401 G Street

Building Size

12,000 SF

Asset Type

Retail

Closing

Nov 17, 2023

AI

Urban Property Group (UPG) has leased 12,000 square feet at 401 G St. in San Diego's Gaslamp Quarter for the first West Coast location of '70s-themed restaurant/bar Good Night John Boy. The vintage nightclub, part of Forward Hospitality Group, will bring disco balls and '70s vibes to the space formerly occupied by The Tin Roof.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 401 G Street, San Diego
  • Market: San Diego
  • Square Footage: 12,000

The lease deal for the 12,000-square-foot property at 401 G St. in San Diego's Gaslamp Quarter was facilitated by Urban Property Group (UPG). Good Night John Boy, a '70s-themed restaurant/bar owned by Forward Hospitality Group, will occupy the space and is set to open in early Spring 2024.

Players

David Maxwell

Urban Property Group

Broker

1 deal

Broker
H. Michael Schwartz

H. Michael Schwartz

SmartStop Self Storage REIT

Tenant

$19.2M

vol

5 deals

Tenant

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93