Prime location in Pasadena! Favorable lease terms with a Beer And Wine
Asset Sale Description
Low Rent Below Market Rate — 5-Year Option Available for Long-Term Stability
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#1006
Area: Pasadena
Asking Price: $130,000
Base Rent: $4,040.61
Rent Increase: 4%
NNN: $1,044.59
Security Deposit: $8,967.86
Lease Term: Until 3/14/2025 + (1) 5 years option
Size: 1,255 sq ft
Seating Capacity: 22
Parking: Site parking, on site parking
Liquor License: 41 (On Sale Beer & Wine)
Reason for Selling: Retirement
This Pasadena restaurant offers a fantastic investment opportunity. The current low base rent provides significant upside potential for savvy investors. The current owner opens the restaurant for only 5 days a week. Opening more days and extending business hours are a great idea to accommodate more customers.
#1006
Area: Pasadena
Asking Price: $130,000
Base Rent: $4,040.61
Rent Increase: 4%
NNN: $1,044.59
Security Deposit: $8,967.86
Lease Term: Until 3/14/2025 + (1) 5 years option
Size: 1,255 sq ft
Seating Capacity: 22
Parking: Site parking, on site parking
Liquor License: 41 (On Sale Beer & Wine)
Reason for Selling: Retirement
This Pasadena restaurant offers a fantastic investment opportunity. The current low base rent provides significant upside potential for savvy investors. The current owner opens the restaurant for only 5 days a week. Opening more days and extending business hours are a great idea to accommodate more customers.
Detailed Information
- Years in Operation
- 5
- Facilities & Assets
- Hood: 10 feet,
Walk-in cooler
Walk-in freezer (Broken) 2 x ADA compliant restroom
Type 41 (Beer & Wine) license.
About the Sale
- Seller Motivation
- Retirement
Listing Info
- ID
- 2419951
- Listing Views
Listing ID: 2419951 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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