401 E Foothill Blvd - Restaurant FOR SALE


Pomona, CA 91767
$2,750,000 USD
714-595-9882
401 E Foothill Blvd, Pomona, CA for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

401 E Foothill Blvd
Pomona, CA 91767


OVERVIEW

Freestanding Restaurant Building with a new long term lease in place. The tenant is currently remodeling the restaurant with the tenants own capital demonstrating their commandment to this site. Located on a large 1.02 Acre lot (approx. 44,431 square feet). Signalized intersection. Please do not disturb tenant. Potential buyers can go in as a customer and to see the interior. Extremely large parking lot with value added potential to add additional retail building or even high density residential (up to 40 units per 1 acre) as City Zoning allows for both on this oversized lot. Great pylon signage. See attached City Gateway Uses & Development Standards for more detail. Broker advises buyers to verify all information with the City of Pomona. Long term absoulte NNN lease in place. 10 year term with 2 5 year options. Base rent $148,320 per year with 3% annual increases. Call Lee Petsas at 714-595-9882 for more information.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$478 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Service Station, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

POC4-R32, Pomona

APN/PARCEL ID

8304-014-015

ASK ABOUT THIS PROPERTY

Lee PetsasUBI Business BrokersMore Info
714-595-9882

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Lee PetsasUBI Business BrokersMore Info
714-595-9882

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