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.