NNN Ground Lease
New
For Sale
$2,388,000
1951 E Colorado, Pasadena, CA 91107
The QSR tenant covers property upkeep, taxes, and insurance under an absolute NNN lease.
Property SizeContact for details
Days on Market2
Property Features for 1951 E Colorado
General Information
Standard status
Active
Property subtype
Land
Site & Location
Neighborhood
Pasadena Neighborhood Coalition
Listing Agency:
RENKEN COMPANY
Listed By:
Griffin Wright
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RENKEN COMPANY
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Investment Insights
Based on property information with market context.
The property comprises a ±22,609 SF land parcel with a ±2,082 SF Taco Bell drive-through building held under a leasehold arrangement. The site generates ground rent through an absolute NNN lease, with the tenant responsible for upkeep, property taxes, and insurance. At lease expiration, ownership of the building reverts to the landowner.
Located at 1951 E Colorado in Pasadena, the property has a 24-hour drive-through permit. Walk Score is 61, Bike Score is 58, and Transit Score is 36.
Located at 1951 E Colorado in Pasadena, the property has a 24-hour drive-through permit. Walk Score is 61, Bike Score is 58, and Transit Score is 36.
Key Highlights
- ±22,609 SF land parcel
- ±2,082 SF Taco Bell drive‑through building
- Absolute NNN ground lease; tenant pays upkeep, property taxes, and insurance
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
269k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 21%
Shops & Services 19%
Beauty & Spa 3%
Chick-fil-A
Dining
55,119 visits/mo
0.4 miles
VONS
Groceries
52,866 visits/mo
0.4 miles
In-N-Out Burger
Dining
21,888 visits/mo
0.2 miles
Panda Express
Dining
21,080 visits/mo
0.4 miles
Mobil
Shops & Services
16,111 visits/mo
0.3 miles
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The QSR tenant covers property upkeep, taxes, and insurance under an absolute NNN lease.
Where is this nnn property located?
The property is located at 1951 E Colorado Pasadena, CA.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: ±22,609 SF land parcel; ±2,082 SF Taco Bell drive‑through building; Absolute NNN ground lease; tenant pays upkeep, property taxes, and insurance
