$ 130,000
500 N Atlantic BLVD #121 Monterey Park, CA 91754
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 130,000
Est. payment /mo
Price Dropped by $50K
500 N Atlantic BLVD #121 Monterey Park, CA 91754
UPDATED:
10/29/2024 06:19 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS24134659
HOA Y/N No
Property Description
This quick service restaurant is a rare find business opportunity. Convenient location, Great location, Money Making location in the Atlantic Times Square of Monterey Park, right next to AMC Theater. This location is close to 10 & 60 Fwy. Anchor businesses are 24 Hour Fitness, OneZo Boba, Daiso Japan, SunMerry Bakery, Meet Fresh and etc. The restaurant currently offers eclectic menu with unique dessert, coffee tea, ice cream and Korean street food that receives rave reviews from patrons. The contemporary designed ambiance provides entertainment pleasure attracting steady customers. High visibility from inside and out. Excellent location with plenty of plaza parking and foot traffic. Kitchen equipped with Ventless Hood. 33 seats capacities with one restroom. City permits and licenses are up to day. Sale includes all FF&E. This is a truly unique opportunity to step into a steady and busy turn-key restaurant setting. Restaurant may be converted to a different concept with landlord's approval. This sale is well priced and represents real value. Trade name may be included in the sale. Call today for more information.
Business Highlights:
*Restaurant Name: Street Churros, Established since 2019
*Lease expires July 2026, Annual Rent Increase 3%
*Current Lease Rate: $5,924/month, CAM: $837/month
*33 Max Seat Capacities, 1 Restroom
*1 FT & 6 PT Employees, Annual Gross: $450,000
*Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.
***PLEASE DO NOT DISTURB EMPLOYEES!!! Call today for more information.**
Business Highlights:
*Restaurant Name: Street Churros, Established since 2019
*Lease expires July 2026, Annual Rent Increase 3%
*Current Lease Rate: $5,924/month, CAM: $837/month
*33 Max Seat Capacities, 1 Restroom
*1 FT & 6 PT Employees, Annual Gross: $450,000
*Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.
***PLEASE DO NOT DISTURB EMPLOYEES!!! Call today for more information.**
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Fireplace No
Others
Tax ID 5256017021
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by ARTHUR HUANG • Pinnacle Real Estate Group • 626-833-1085