17400 Monterey RdMorgan Hill, CA 95037

Property Details for 17400 Monterey Rd

Property type

Other commercial real estate

Property subtype

Investment properties

Description

This thriving cafe in downtown Morgan Hill, California (17400 Monterey Rd 1B, 95037) is offered for sale at $220,000. The business, operating under a net lease with favorable terms, includes all furniture, fixtures, and equipment. The current lease, commencing May 1, 2022, and expiring April 30, 2027, features 5% annual rent bumps and two five-year renewal options, providing long-term stability. The sale encompasses all social media accounts, a catering license, and a transferable beer and wine license with potential for upgrade. The cafe benefits from a prime location attracting both locals and tourists, outdoor seating, an experienced staff, and a strong, loyal customer base reflected in numerous five-star reviews. The cozy interior offers a charming ambiance, and the menu features gourmet coffee, pastries, crepes, and sandwiches. This presents a unique opportunity to acquire a well-established business with significant growth potential in a vibrant dining scene. The seller will provide support during the transition period, ensuring a seamless takeover. The business is an owner/user investment.

Location Insight

City

Morgan Hill

County

Santa Clara

State

California

Latitude

37.1286

Longitude

-121.653

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