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9846 Mason Ave 720 SF Retail Building Chatsworth, CA 91311 $1,150,000 ($1,597.22/SF) 6.45% Cap Rate
Investment Highlights
- 5.9% Cap rate, no landlord responsibilities!
- Future development opportunity!
- Prime location in Chatsworth!
Executive Summary
Freestanding Restaurant Anchored by 7-Eleven in Chatsworth!
We are proud to present this restaurant retail property with a 720 SF building built in 1975. The building is situated on a 8,768 SF lot, providing ample room for outdoor seating and ample parking for customers. The outdoor seating approximates 500 square feet. The building is in a prime location, surrounded by a bustling neighborhood and easily accessible from major highways. There is also a 7-Eleven next door and a retail center across that attracts a lot of vehicle traffic. The zoning is also C1. A developer could build up to 10 units by right or a NNN commercial retail. If not, this a great opportunity for a new owner/user to establish a strong presence in Chatsworth.
We are proud to present this restaurant retail property with a 720 SF building built in 1975. The building is situated on a 8,768 SF lot, providing ample room for outdoor seating and ample parking for customers. The outdoor seating approximates 500 square feet. The building is in a prime location, surrounded by a bustling neighborhood and easily accessible from major highways. There is also a 7-Eleven next door and a retail center across that attracts a lot of vehicle traffic. The zoning is also C1. A developer could build up to 10 units by right or a NNN commercial retail. If not, this a great opportunity for a new owner/user to establish a strong presence in Chatsworth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
720 SF
Building Class
B
Year Built
1975
Price
$1,150,000
Price Per SF
$1,597.22
Cap Rate
6.45%
NOI
$74,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.20 AC
Zoning
LAC1 - One unit per 800 SF. The parking lot is also zoned LAP.
Parking
16 Spaces (22.22 Spaces per 1,000 SF Leased)
Frontage
77’ on Mason Ave
Amenities
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2748-006-034 | Improvements Assessment | $139,437 |
| Land Assessment | $1,031,852 | Total Assessment | $1,171,289 |
Property Taxes
Parcel Number
2748-006-034
Land Assessment
$1,031,852
Improvements Assessment
$139,437
Total Assessment
$1,171,289
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9846 Mason Ave
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