1804 N Placentia Avenue Unit A, Placentia, CA 92870

$350,000
List Price
$350,000
Price Change
▼ $100,000 1711693213
Status
ACTIVE
MLS#
WS24038674
Days on Market
66
Property Type
Investment

Property Description

Restaurant Asset Sale!!! This is a rare find opportunity in the city of Placentia. Restaurant was built in Feb 2023. Convenient location, Great location, Money Making location in Placentia which is adjacent to the city of Fullerton and close to 57 FWY. The contemporary designed ambiance provides entertainment pleasure attracting steady customers. High visibility from inside and out. Excellent location with plenty of plaza parking spaces and traffic. Anchor tenants include Crunch Fitness, Dollar Tree, Grocery Outlet etc. 2,690 sq.ft spaces with 91 seat capacities, two restrooms, huge kitchen service area (1,043 sq.ft.), and a 24' hood. Type 41 Beer&Wine license is included in the sales. Sale includes all FF&E. City/County/ABC permits and licenses are up to day. This is a truly unique opportunity to step into a steady and busy turn-key restaurant business setting. Restaurant may be converted to a different concept with landlord's approval. This sale is well priced and represents real value. Trade name is not included in the sale. Call today for more information. Business Highlights:  *Established since 2023 *Intersections of N Placentia Ave & W Bastanchury Road *Lease expiration Jan 2033 with one 10 years option, Annual Increase 3% *Current Lease Rate: $6,725/month, CAM: $1,066/month *Grease interceptor, Walk-in cooler & freezer, 24' Hood *Huge Kitchen and Service Area, 1,043 sq.ft *Open Ceiling, Bright Natural Light Inside & Out, Huge plaza parking lot *91 Seat Capacities, 2 Restrooms, Type 41 Beer&Wine license *Asset Sale. Trade name is not included in the sale. *Restaurant may convert to a different concept with the landlord's approval.

Additional Information

Attached Structure
Detached

Listing courtesy of Listing Agent: ARTHUR HUANG (arthurhuang1012@gmail.com) from Listing Office: Pinnacle Real Estate Group.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.