$240,000
$268,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
1,643 SqFt
SOLD DATE : 08/26/2024
Key Details
Sold Price $240,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,643 sqft
Price per Sqft $146
MLS Listing ID WS23155506
Sold Date 08/26/24
HOA Y/N No
Property Description
This restaurant is a rare find opportunity in the city of Chino Hills. Convenient location, Great location, Money Making location in THE RINCON of Chino Hills where is close to 71 FWY. The location currently offers eclectic menu with unique Vietnamese cuisine 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 spaces and foot traffic. Anchor tenants include Wendy's, 7 Leaves Cafe etc. 1643 sq.ft. spaces with 48-80 seat capacities, two restrooms and a large kitchen (500+ sq.ft.). Type 41 Beer&Wine license is included in the sales. City/County/ABC 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 business 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: Lemongrass Bistro, Established since 2019*THE RINCON of Chino Hills, Intersections of Soquel Canyon Pkwy & Pomona Rincon Rd*Lease expiration is April 20209 with one 5-year option, Annual Rent Increase 3%
*Current Lease Rate: $6379.77/month, CAM: $1,232.25/month
*Grease interceptor, big kitchen (500+ sq.ft.), Lots storage spaces, walk-in cooler & freezer
*Open Ceiling, Water Bar, Bright Natural Light Inside & Out, Huge plaza parking lot
*48-80 Seat Capacities, 2 Restrooms, Type 41 Beer&Wine license *3 full time & 14 part time employees, Monthly Payroll $10,000
*Business Asset Sale. Trade name may be included in the sale.
*Restaurant may convert to a different concept with the landlord's approval.
Location
State CA
County San Bernardino
Area 682 - Chino Hills
Interior
Fireplace No
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with MAX HOO • Pinnacle Real Estate Group
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Broker Associate | Lic# 01905244