2647-2649 Mission St
San Marino, CA 91108
Julienne Restaurant · Retail Property For Sale

INVESTMENT HIGHLIGHTS • Award Winning Tenancy – NNN leased to Julienne, an award-winning, Zagat rated, French bistro and gourmet market in San Gabriel Valley’s highly-affluent city of San Marino • Significant Historical Occupancy – Julienne has been at this location for over 32 years (opened in 1985) and has since expanded three times into the adjacent spaces, investing capital each time • Recent Lease Extension – Julienne just exercised an option to extend its lease for 5 years (July 2022 expiration) with two remaining 5-year option periods at fair market value • Strong Sales, Low Rent-to-Sales Ratio – With its significant sales volumes and low rent, Julienne’s rent-to-sales ratio is low and very favorable to its ongoing success at this location • Highly Affluent, San Gabriel Valley Demographics – » In 2014, Forbes magazine ranked the city as the 48th most expensive area to live in the US » In 2014, LA Weekly ranked the city as the 3rd most expensive area to live in Los Angeles County » In 2017, Bloomberg ranked the city number 78 in the country with the 2015 Average Household Income of $207,276 » San Marino has no homes priced under $1,000,000, with median home values exceeding $2,267,000 – all homes in San Marino are for single family use only » Average Household Incomes exceed $153,600, $105,000, and $95,600 within the 1, 3, and 5-mile radius rings, respectively