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$130,000

Est. payment - /mo

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1,014 SqFt

Price Dropped by $50K

500 N Atlantic BLVD #121 Monterey Park, CA 91754

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/29/2024 06:19 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,014 sqft

Price per Sqft $128

MLS Listing ID WS24134659

HOA Y/N No

Property Description

This quick service restaurant is a rare find business opportunity. Convenient location, Great location, Money Making location in the Atlantic Times Square of Monterey Park, right next to AMC Theater. This location is close to 10 & 60 Fwy. Anchor businesses are 24 Hour Fitness, OneZo Boba, Daiso Japan, SunMerry Bakery, Meet Fresh and etc. The restaurant currently offers eclectic menu with unique dessert, coffee tea, ice cream and Korean street food that receives rave reviews from patrons. The contemporary designed ambiance provides entertainment pleasure attracting steady customers. High visibility from inside and out. Excellent location with plenty of plaza parking and foot traffic. Kitchen equipped with Ventless Hood. 33 seats capacities with one restroom. City permits and licenses are up to day. Sale includes all FF&E. This is a truly unique opportunity to step into a steady and busy turn-key restaurant setting. Restaurant may be converted to a different concept with landlord's approval. This sale is well priced and represents real value. Trade name may be included in the sale. Call today for more information.

Business Highlights:
*Restaurant Name: Street Churros, Established since 2019
*Lease expires July 2026, Annual Rent Increase 3%
*Current Lease Rate: $5,924/month, CAM: $837/month
*33 Max Seat Capacities, 1 Restroom
*1 FT & 6 PT Employees, Annual Gross: $450,000
*Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.

***PLEASE DO NOT DISTURB EMPLOYEES!!! Call today for more information.**

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Interior

Fireplace No

Others

Tax ID 5256017021

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Listed by ARTHUR HUANG • Pinnacle Real Estate Group • 626-833-1085

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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