Rare opportunity to acquire a premier, income-producing coastal asset in the heart of Santa Barbara. Fully leased to Chad's Restaurant, a long-standing and well-recognized local operator established 1957, providing stable base rent with additional upside through a percentage-rent structure tied directly to sales performance. Situated along Santa Barbara's iconic waterfront corridor with exceptional visibility, strong foot traffic, and immediate proximity to West Beach, the Harbor, Stearns Wharf, and downtown amenities. Trophy investment in one of California's most supply-constrained coastal markets.