17400 Monterey Rd Morgan Hill, CA 95037
- Commercial real estate
Current Use by Public Records
- Queenie Ann Orteza / Real Estate Agent
- Windermere Valley Properties / Real Estate Agency
- Tutta Bella Hair Salon / Beauty Salon
- El Toro Body Shop / Tattoo Shop / Body Piercing Shop
- Stacie Quiroga / Real Estate Agent
Property Details for 17400 Monterey Rd
- Property type
- Commercial real estate
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morgan Hill
- County
- Santa Clara
- State
- California
- Longitude
- -121.653
- Latitude
- 37.1286
