Single Tenant NNN Leased Investment in the red hot 500 block of State St!!! The Premises consists of a fully equipped 2,824 SF restaurant bldg., plus a 454 SF covered patio & 5 parking spaces in rear (possible residential addition). The lease has 8 1/2 years remaining w/ annual CPI increases. The tenant is highly seasoned & successful operator w/ almost 30 years of presence in the Santa Barbara market, and has paid 100% of rent during the pandemic. The Tenant relocated to this location about 18 months ago from their former space of about 20 years, which reduced their rent by about 50% while increasing sales significantly. The newly created State St pedestrian promenade has created a platform for locals & tourists to come together for a variety of exciting food & beverage experiences!!