60 N Mountain Avenue
Upland, CA 91786
1.28 acres | #CV24216245
Description
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 individually
Explore 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 INVESTMENT
Commercial 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 Details
- Lot DescriptionZeroToOneUnitAcre
- CountySan Bernardino
- Original List Price$2,685,500
- MLS #CV24216245
- MLS #CV24216245
- Property TypePurchase
- Property SubtypeBusiness
- Cost2500000
- Acres1.28
- Year Built1979
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Byron Castro (#CV48457)
Listing Office: TOP PRODUCERS REALTY PARTNERS (#51833)
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