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1193 Forest Ave 2,571 SF 100% Leased Retail Building Pacific Grove, CA 93950 $1,050,000 ($408.40/SF) 3.28% Cap Rate
EXECUTIVE SUMMARY
Property is free standing and a total of 2,571 sq ft.
Property has great visibility and excellent access.
Property is leased to the Little Chicken House.
Tenant's Lease expires December 31, 2027.
Property has the only approved and active drive thru in the city limits of Pacific Grove.
Property is part of a larger parcel and will need a lot line adjustment prior to close of escrow.
Property has great visibility and excellent access.
Property is leased to the Little Chicken House.
Tenant's Lease expires December 31, 2027.
Property has the only approved and active drive thru in the city limits of Pacific Grove.
Property is part of a larger parcel and will need a lot line adjustment prior to close of escrow.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,571 SF
Building Class
C
Year Built
1962
Price
$1,050,000
Price Per SF
$408.40
Cap Rate
3.28%
NOI
$34,392
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 006-713-019-000 | Improvements Assessment | $134,051 |
| Land Assessment | $317,845 | Total Assessment | $451,896 |
PROPERTY TAXES
Parcel Number
006-713-019-000
Land Assessment
$317,845
Improvements Assessment
$134,051
Total Assessment
$451,896
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1193 Forest Ave
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