187 N Sierra Madre Blvd | Pasadena, CA 91107
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- LoopNet Team
187 N Sierra Madre Blvd
Pasadena, CA 91107
Kalaveras - 10 Year Abs. NNN Sale-Leaseback · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to come
- Strong Lease Guaranty with Experienced Operator
- Extensively restaurant remodel in Q1 2022, providing modern infrastructure that enhances long-term tenant retention and property value stability.
- Absolute NNN Lease with Zero Landlord Responsibilities with scheduled 10% Increases every 5 years
- Prime Location with Strong Traffic Counts
- Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,574 SF
Building Class
C
Year Built/Renovated
1964/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.28 AC
Zoning
EPSP-d1-CG(Specific Plan) - Specific Plan Area
Parking
15 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 5746-021-041 | Improvements Assessment | $1,560,600 |
| Land Assessment | $1,352,520 | Total Assessment | $2,913,120 |
PROPERTY TAXES
Parcel Number
5746-021-041
Land Assessment
$1,352,520
Improvements Assessment
$1,560,600
Total Assessment
$2,913,120
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