Property profile

309 Central Ave Glendale, CA 91203

OFF-MARKET
Retail properties & Spaces
1,993 SF
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Property summary

AI-generated overview

This thriving Glendale restaurant, located at 309 N Central Ave, presents a fantastic investment opportunity. The property boasts 1,993 square feet of interior space, complemented by a patio area (size not specified). It's ideally situated in Los Angeles County, California, zip code 91203, offering convenient access for customers. The restaurant holds a Type 41 license, permitting the sale of beer and wine, and comfortably seats 100 patrons. Current operating hours are Monday-Friday, 11 am to 11 pm, and Saturday-Sunday, 9:30 am to 11 pm. The property includes four parking spaces for customer convenience. The current lease agreement involves a base rent of $8,711.07 per month, plus estimated net, net, net (NNN) expenses of $1,089. The asking price is available upon request. This established business offers a turnkey operation with significant potential for growth in a desirable location. Serious inquiries only. Financial details and lease terms are available upon execution of a confidentiality agreement.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,993 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

309 Central Ave Glendale, CA 91203
Glendale metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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