Listed by NAI Capital - Pasadena
$4,250,000
Prime 100% Leased Investment | Pasadena, CA
Details
APN 5750-026-019; 030 & 031
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 6,957
Cap Rate 6.50%
NOI $274,623
Occupancy 100%
Tenancy Multi
Brand/Tenant Foothill
Lease Type NNN
Remaining Term 10
Class A
Year Built 1953
Year Renovated 2018
Buildings 3
Acreage 0.440
Zoning EPSP-D1-CL
Parking Spaces 26 spaces
Parking Per SqFt 3.74
Investment Type Stabilized
Ownership Fee Simple
For Sale - Pasadena, CA | Multi-Tenant Retail Investment
Marketing description
*** Price Improvement - Now Yielding 6.5% Cap Rate ***
NAI Capital is pleased to present a 100% leased 3-building retail investment, on one of East Pasadena's busiest east-west corridors. This offering represents an excellent opportunity to secure dependable cash flows, anchored by a well-established Pasadena staple with full service dining (restaurant & bar building) and versatile private events (banquet hall annex building). This rare package offers passive income stability from exceptional, highly visible urban-infill real estate.
Completely remodeled (in 2018) retail buildings, measuring an aggregate ±6,957 square feet on a generous 0.44 Acre lot; this asset represents true pride of ownership, ideal for passive income investors and/or 1031 exchange buyers.
Note: This is a real estate offering, the restaurant business is not for sale.
Investment highlights
Anchor Tenant (Foothill Restaurant) with a profitable Rent-to-Sales Ratio under 6%.
Strong urban-infill demographics w/ Average Household Incomes over $165,000 within 1-mile radius.
Less than 1-mile from the Sierra Madre Villa Metro A Line Station
Across the street from the newly built Home Depot Retail Center
Recently renovated in 2018
Excellent Freeway Access
Parking Spaces 26 Surface Spaces (3.74/1,000)
Frontage ±175’ (E. Foothill Boulevard)
Percentage Leased 100%
Listing Contacts
Listed by NAI Capital - Pasadena
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$274,623.00
$22,885.25/mo
Valuation Metrics
0
DSCR
6.46%
Cap Rate
6.46%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
