383 W 5th St - Restaurant FOR SALE


San Pedro, CA 90731- Central San Pedro
$2,861,538 USD
858-900-3700
383 W 5th St, San Pedro, CA for Sale
$2,861,538 USD
Restaurant - FOR SALE
1/7
null | 6.5% Cap Rate

383 W 5th St
San Pedro, CA 90731
Central San Pedro


OVERVIEW

LONG TERM SALE-LEASEBACK INVESTMENT Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to come. ABSOLUTE NNN LEASE STRUCTURE A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance. EXPERIENCED OPERATOR Operator is a well-established and successful operator with ~40 years of restaurant experience, presently operating 9 locations. STRATEGIC LOCATION Positioned near major arterial routes including I-110 and I-710, providing great connection to Downtown LA, Long Beach, and the greater South Bay region, enhancing customer access and delivery logistics. HEDGE AGAINST INFLATION 10% scheduled rental increases every five years provide for hedge against inflation and consistent rent growth. NEARBY ANCHORS & ATTRACTIONS Close to San Pedro Fish Market, Battleship USS Iowa Museum, Crafted at the Port, and the LA Maritime Museum, popular year-round destinations drawing locals and tourists alike. DENSE RESIDENTIAL TRADE AREA Over 209,706 residents within a 5-mile radius having an Average Household Income of $90,547, supported by a robust daytime workforce and steady demand from nearby offices and retailers. FULL-SERVICE LIQUOR & EVENT LICENSED Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations, along with permits that support private events and off-site catering.

FOR SALE DETAILS

PRICE

$2,861,538 USD

PRICE/SF

$1,005 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kalaveras - Type 47 ABC Lic Bar & Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C

APN/PARCEL ID

7455-013-015

ASK ABOUT THIS PROPERTY

Renato LorjaCIRE PartnersMore Info
858-900-3700

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Renato LorjaCIRE PartnersMore Info
858-900-3700

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