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383 W 5th St
San Pedro, CA 90731 Central San Pedro

$2,400,000 USD

Restaurant For Sale  •  2,848 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,848 SF
  • Lot Size 0.15 AC
  • Building Class B
  • Year Built 1983
  • Cap Rate 7.50 %
  • Tenancy Single
40 Transit Score
60 Walk Score

Highlights

BRAND NEW 10-YEAR SALE-LEASEBACK: Brand new 10-year lease executed at close of escrow.
ABSOLUTE NNN: Tenant covers roof, structure, HVAC, taxes, insurance, repairs and maintenance. Zero landlord responsibilities.
HEDGE AGAINST INFLATION: 2.5% annual rental increases during the initial term plus 10% at each option.
HEART OF DOWNTOWN SAN PEDRO: On 5th Street in downtown San Pedro's dining, arts, and entertainment district.
DENSE, AFFLUENT TRADE AREA: 209,000+ residents within 5 miles with average household income above $136,000.
FULL-SERVICE BAR AND RESTAURANT: Type 47 liquor license; operated by a 40-year veteran.

Property Flyers

Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Kalaveras

Amenities

  • Restaurant

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 22 min - 13.9 mi
Los Angeles International 28 min - 20.8 mi
John Wayne/Orange County 44 min - 34.1 mi
Renato Lorja 858-900-3700 CIRE Partners
Renato Lorja 858-900-3700 CIRE Partners