187 N Sierra Madre Blvd - Restaurant FOR SALE
Pasadena, CA 91107 |
$3,200,000 USD
858-222-3333
187 N Sierra Madre Blvd
Pasadena, CA 91107
HIGHLIGHTS
- Featuring 15 years remaining, ensuring a hands-off income stream for many years to come, totaling $3,177,600 in rental income during the initial term
- Absolute NNN Lease with Zero Landlord Responsibilities with scheduled 10% Increases every 5 years
- Strong Lease Guaranty with Experienced Operator
- Prime Location with Strong Traffic Counts
- Extensively restaurant remodel in Q1 2022, providing modern infrastructure that enhances long-term tenant retention and property value stability.
- Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations
FOR SALE DETAILS
PRICE
$3,200,000 USD
PRICE/SF
$895 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kalaveras - 15 Year Abs. NNN Sale-Leaseback
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bar, Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.28 AC
LAND SF
12,197 SF
ZONING
EPSP-d1-CG(Specific Plan)
APN/PARCEL ID
5746-021-041
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858-222-3333
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858-222-3333
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