626 Spring StLos Angeles, CA 90014

This exceptional turnkey bar and restaurant opportunity is located at 626 S Spring St, Los Angeles, CA 90014. The property boasts a total of 1,569 square feet, encompassing 1,200 square feet of ground floor space, a 129-square-foot patio, and 240 square feet of basement storage. The space features a rare ABC Type 48 license, making it an ideal acquisition for an experienced operator. With a remaining lease term of six years, this NNN lease offers stability and predictable operating costs. The monthly rent is $8,178.56 ($7,878.56 base rent + $300 storage), with a NNN expense of $500. The key money for this established business is $195,000. This vibrant location in the heart of Downtown Los Angeles benefits from high foot traffic, both day and night, due to its proximity to numerous restaurants, bars, retailers, and major attractions. Nearby landmarks include The Theatre at the Ace Hotel, The Los Angeles Theatre, The Broad, and Walt Disney Concert Hall, drawing significant crowds. The property also enjoys a strong tenant base in the immediate vicinity, including Exchange LA, Guisado's, Tacos 1986, Blu Jam Café, Tierra Mia Coffee, Verve Coffee, Starbucks, Silverlake Ramen, and Joe's Pizza. This presents a unique opportunity to acquire a well-established business in a high-demand location with significant growth potential.