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
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