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- RE: Restaurant Property For Sale
- Contact: Andre
Quick Facts
| Asking Price: | $2,750,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1976 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 952348 | |
| Broker Reference #: | 3336 |
Business Overview:
Absolute NNN Investment consisting of a Freestanding Restaurant Building on a large 1.02 Acre lot (approx. 44,431 square feet). Strong multi-unit operator with 10 existing restaurants throughout the So Cal area. Long lease with about 12 yrs left on the initial term. Lease has 2% annual increases with an increase due May 1, 2025. Lease has 3 principles with a Personal Guaranties. Located on busy Foothill Blvd. on a signalized intersection. Extremely large parking lot with value added potential to add additional retail building or even high density residential (up to 40 units per 1 acre) as City Zoning allows for both on this oversized lot.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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