Overview

Description

eXp Commercial is pleased to provide the opportunity to obtain the fee simple interest in a high-performing asset at 701 Restaurant & Bar and Apartments. The asset commonly known as 701 Restaurant & Bar and Apartments is located at 100 S. Main Street in Santa Ana, California. The asset would be Listed for $11,500,000.00 - USD at a 5.33% CAP Rate. The 701 Restaurant & Bar Lease pays $43,000.00 / Month while also being NNN where the tenant pays expenses & each Apartment unit above averages $900 / Month and is metered. The property situates with a steady income at $613,200 / Annually displaying top performing numbers in an asset which the tenants greatly value.

APN: 398-278-04 | Block-1

Highlights

• - Key Retailer Placement Surrounding Asset. There are a number of premier tenants surrounding the asset such as Food 4 Less, CVS, Rite Aid, Marshalls, Little Caesars, McDonald's, Taco Bell, Waba Grill, Napa Auto Parts, Advanced Auto Parts, Firestone, and more.
• - Location of Value being placed along 1st Street & Main Street. Major Retail Corridor in Santa Ana, California.
• - Major Developments are taking place in Santa Ana, California. Major developments are taking place in the area such as 1st and Harbor Mix-Use Development, 3rd and Broadway Mix-Use Development, 4th and Mortimer Mixed-Used Development, 5th and Harbor Mixed-Use Development, 7-Eleven Service Station (Euclid Street), AMG Senior Housing, Arches (Formerly Westview Housing), and more. See developments at https://www.santa-ana.org/major-planning-projectsand-monthly-development-project-reports/.
• - Top-Notch Recognition and Ease of Access. 1st Street & Main Street features many Key Tenants due to Top-Notch Recognition along with Ease of Access to 5 Freeway.

Documents

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