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765 N Lake Ave
Pasadena, CA 91104
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,080 SF
Building Class
B
Year Built/Renovated
1977/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Zoning
PSC - Commercial
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
111’ on N Lake Ave
Amenities
- Pylon Sign
- Drive Thru
About 765 N LAKE AVE , PASADENA, CA 91104
New 20 Year Lease with Corporate Del Taco (568 Locations in 14 States) Absolute Net Lease (Zero Landlord Responsibilities) Great Hedge Against Inflation - Lease Features CPI Increases Every 5 Years (Capped at 10%) with Four, 5-Year Tenant Options to Renew Tenant Just Completed Full Exterior & Interior Conversion - $1.0M in Capital Expenditures (Not Including FF&E) High Barrier of Entry Location
Property Taxes
| Parcel Number | 5731-012-016 | Improvements Assessment | $2,960,000 |
| Land Assessment | $4,500,000 | Total Assessment | $7,460,000 |
Property Taxes
Parcel Number
5731-012-016
Land Assessment
$4,500,000
Improvements Assessment
$2,960,000
Total Assessment
$7,460,000
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