About This Restaurant
Investment Highlights
100% Occupied with 4 single tenant buildings, 1 two tenant building, and 1 three tenant building with a single family house Located on major thoroughfares with high traffic counts Corner lot First time on the market in over 20 years 3 corner properties with the laundry mat located at a signalized intersection
Executive Summary
The buildings in this retail offering are on thoroughfares with high traffic counts. The 100% occupied properties can be bought individually or as a portfolio. All the leases have annual rent increases and 5 are triple net with 1 gross lease. The portfolio is priced very competitively at a 6.37% capitalization rate and at $475 per square foot.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 2,000
- Building Class C
- Year Built 1946
- Price 1,450,000
- Price Per SF 725
- Cap Rate 6.80
- NOI 98,583
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.66
- Land Acres 0.07 AC
Nearby Amenities & Transportation
| Retail | Bank of America | ||
| Retail | Superior Grocers | ||
| Retail | Chase Bank | ||
| Retail | La Michoacana Meat Market | ||
| Retail | Starbucks | ||
| Retail | The Habit Burger Grill | ||
| Retail | U.S. Bank | ||
| Retail | Jack In The Box | ||
| Retail | Vons | ||
| Retail | Bj's Restaurant & Brewhouse |
Property Taxes
| Parcel Number | 6346-027-018 | Improvements Assessment | $93,352 |
| Land Assessment | $376,646 | Total Assessment | $469,998 |
| Date Created: | 2024-07-16 04:09:23 | Last Updated: | 2024-07-16 04:09:23 |
| Address: | 616 W Whittier Blvd , Montebello, California, 90640 | ||