236 W Main St - Restaurant FOR SALE


Alhambra, CA 91801
$950,000 USD
818-292-3175
236 W Main St, Alhambra, CA for Sale
$950,000 USD
Restaurant - FOR SALE
1/6
null | 5.48% Cap Rate

236 W Main St
Alhambra, CA 91801


HIGHLIGHTS

  • Population of more than 43,400 people within one mile of the subject property, 249,700 people within three miles, and 654,500 people within five miles
  • Immediate submarket boasts an average household income within one, three, and five miles is $95,000, $109,300, and $107,100, respectively
  • There are over 16,300 households within one mile of the subject property, and over 85,700 households within three milest
  • The median home value in the immediate area is $803,000
  • More than 1,800 businesses within a 1-mile radius of the property with a combined annual consumer spending of $510 million

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 200–208, 222–236 W Main Street, a 30,477 SF multi-tenant street retail portfolio situated on 0.70 acres (30,638 SF) of land in the heart of Alhambra, CA. The portfolio is positioned along Main Street, Alhambra’s primary commercial corridor, at the signalized southwest corner of S 2nd Street, benefiting from traffic counts in excess of 24,000 vehicles per day and a Walk Score of 94 (“Walker’s Paradise”) in a highly supply-constrained infill submarket. The offering consists of six (6) parcels, available individually or as a portfolio, and is currently 91.8% occupied. The tenant mix is comprised primarily of neighborhood-serving and experiential uses, including restaurants and cafés, music instruction, a cosmetology school, salon services, and childcare – daily need and service uses that benefit from Main Street’s walk-in traffic. With the exception of Unit 7 and 230, the majority of tenants are on short-term leases, with a weighted average lease term remaining of approximately 1.77 years, providing meaningful near-term flexibility. The portfolio generates $54,452.38 per month ($1.95/SF), or $653,428.56 annually, with all tenants subject to 3% annual rent increases. In addition, all tenants, excluding Unit 200 and the second-floor tenants, pay a fixed $0.50/SF CAM reimbursement.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$428 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,451 SF

ZONING

-

APN/PARCEL ID

5344-024-002

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.