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HIGHLIGHTS:» Net Operating Income $130,629» Current Cap Rate 4.86%»Fully fixtured restaurant, includes F.F. & E, and liquor license» First time to hit market in 45 years» Huge lot with an abundance of parking» Located conveniently off the 10 freeway» Property is part of a portfolio sale» Portfolio sale» Can be sold individuallyExplore a premier investment opportunity featuring a high-potential class B restaurant/bar/nightclub building built in 1979 on a 1.28 Acre lot with 80 parking spaces. This prime location we present an exceptional chance for investors seeking stable, long-term returns. The property is currently leased to a reliable long-term tenant under a triple net lease structure, guaranteeing a low-maintenance investment and a consistent income stream for the foreseeable future.TRIPLE NET INVESTMENTCommercial Life Inc is pleased to present to you 60 N Mountain Ave, Upland. This exceptional property boasts a long-term tenant on a triple net lease, offering you a secure and hassle-free investment opportunity. With a prime location and a spacious lot featuring ample parking, this property is a must-see for savvy investors seeking a lucrative commercial asset.
Property Type(s):
Commercial
| Last Updated | 10/25/2024 | Year Built | 1979 |
|---|---|---|---|
| Community | Upland | County | San Bernardino |
Price History
| Prior to Oct 25, '24 | $2,685,500 |
|---|---|
| Oct 25, '24 - Today | $2,500,000 |
Additional Details
| AREA | Upland |
|---|---|
| LOT | 1.28 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| STORIES | 1 |
Location
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