PRIME 100% LEASED INVESTMENT | PASADENA Retail FOR SALE


Pasadena, CA - Southeast Pasadena
$4,250,000 USD
626-945-0305
, Pasadena, CA for Sale
$4,250,000 USD
Retail - FOR SALE
1/16
null | 6.5% Cap Rate

PRIME 100% LEASED INVESTMENT | PASADENA
Pasadena, CA
Southeast Pasadena


HIGHLIGHTS

  • Anchor Tenant (Foothill Restaurant) with a profitable Rent-to-Sales Ratio under 6%.
  • Recently renovated in 2018.
  • Strong urban-infill demographics w/ Average Household Incomes over $165,000 within 1-mile radius.
  • Across the street from the newly built Home Depot Retail Center.
  • Less than 1-mile from the Sierra Madre Villa Metro A Line Station.

OVERVIEW

*** Price Improvement - Now Yielding 6.5% Cap Rate *** NAI Capital is pleased to present a 100% leased 3-building retail investment, on one of East Pasadena's busiest east-west corridors. This offering represents an excellent opportunity to secure dependable cash flows, anchored by a well-established Pasadena staple with full service dining (restaurant & bar building) and versatile private events (banquet hall annex building). This rare package offers passive income stability from exceptional, highly visible urban-infill real estate. Completely remodeled (in 2018) retail buildings, measuring an aggregate ±6,957 square feet on a generous 0.44 Acre lot; this asset represents true pride of ownership, ideal for passive income investors and/or 1031 exchange buyers. Note: This is a real estate offering, the restaurant business is not for sale.

ASK ABOUT THIS PROPERTY

Guillermo OlaizNAI CapitalMore Info
626-945-0305

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Guillermo OlaizNAI CapitalMore Info
626-945-0305

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