Solita Tacos & Margaritas

2438 East Katella Avenue, Anaheim, CA

$9,500,000

Price

4.42%

Cap Rate

$419,922

NOI

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Street
Map
Overview
Cap Rate
4.42%
NOI
$419,922
Building Size
6,828 sqft
Lot Area
0.4 sqft
Occupancy
100%
Lease Type
Triple Net
Year Built
2005
Zoning
Commercial
Tenancy
Single
Parking Spots
116
Year Last Renovated
2022
Lease Expire Year
4/30/2022
Description

Irreplaceable Platinum Triangle Location off Katella Avenue/57 Freeway and Adjacent to Angels Stadium. Located near Disneyland, a multi-million dollar project OC Vibe Development, and the Honda Center.

Highlights
  • Solita Restaurant – Operated and Guaranteed By Nationally Recognized Parent Company, Xperience Restaurant Group
  • Long Term (10) Year Absolute NNN Lease With FMV Lease Extension
  • Growing Income Stream with Annual 2.5% Increases
  • Potential for Additional Income through Percentage Rent
  • Legacy | Trophy Asset Adjacent to Angels Stadium
  • Irreplaceable Platinum Triangle Location off Katella Avenue and 57 Freeway
  • Superior Real Estate Fundamentals - located in the Heart of One of Orange County’s Largest Entertainment Hubs – The Platinum Triangle
  • Ease Of Management Investment I Absolute NNN Lease
  • Solita’s Current Rental Rate is Below Market Rent
  • Newly Remodel and Pride Of Ownership Investment
  • Dense, Infill Orange County Demographics | Affluent Trade Area | 5- Mile Radius: Estimated Population 707,675 | AHHI $96,034 | Daytime Population 389,545
Documents
Title
Anaheim__CA_Solita_OM.pdf
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Location
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