Gound lease for sale
Property Description
Commercial retail property lease opportunity in Chino, CA offering stable investment returns. This 6,988 square foot retail space and 44,867 sqft lot constructed in 2007, is currently leased to a Korean BBQ restaurant operation at $4,900 net per month ($58,800 annually). The ground lease provides guaranteed net income of $50,000 plus per year with 12 years remaining total net income $600,000 plus on the lease term. Located in San Bernardino County, this property offers investors a passive income stream with an established tenant in place. The substantial square footage and restaurant-ready configuration make this an attractive investment for those seeking consistent cash flow from commercial real estate. Owner absentee business.
About the Property
- Type
- Other Business Real Estate
- Building Status
- Established
- Facilities & Assets
- Commercial retail property lease opportunity in Chino, CA offering stable investment returns. This 6,988 square foot retail space, constructed in 2007, is currently leased to a Chinese restaurant operation at $4,900 per month net income ($58,800 annually plus NNN, this ground lease provides guaranteed net income of $55,000 per year with 12 years remaining on the lease term. this property offers investors a passive income stream with an established tenant in place.
- Location Description
- 3911 Grand Ave, Chino Ca 91710
- Current and Prior Use
- Wang Cho Korean BBQ Restaurant
- Year Built
- 2007
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- Cash
Listing Info
- ID:
- 2318347
- Listing Views:
- 1235
Business Location
Listing ID: 2318347 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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