1840 Mentone Blvd - Storefront Retail/Residential FOR SALE
Mentone, CA 92359 |
1840 Mentone Blvd
Mentone, CA 92359
HIGHLIGHTS
- ProForma CAP Rate of 6.73% With a ProForma GRM of 11.07. Current CAP Rate of 5.89%.
- Dual Income Streams – Fully operational liquor and market alongside a detached residential unit.
- Recent Capital Improvements – Property features new roofs and septic system.
- Prime Location along Highway 38 with great frontage.
- Built-in Rent Growth – Liquor store tenant has 18 months remaining on lease with 5% annual rent escalations
- Upside through County-approved lot split. (Verbal Approval received)
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
2267
STORIES
1
YEAR BUILT
1952
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
0298-101-37
