Prime single-tenant net leased Popeyes investment on highly trafficked Telegraph Road in Pico Rivera. Built in 2019, this 2,497 SF drive-thru restaurant is 100% leased under a long-term NNN lease with approximately $141,900 annual NOI and a 4.73% cap rate. Long-term lease includes four 5-year renewal options. Excellent opportunity for 1031 exchange buyers. Seller is motivated and welcomes qualified offers. OM available upon request.
| MLS # | DW26154474 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 64 |
| Listing Provided By | Century 21 Allstars | Mercedes Barba |
| SQ Feet | 2,497 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | PRCG |
| Acreage | 0.31 |
| Lot Features | Corner Lot, Near Public Transit, Paved |
|---|
| Utilities | Electricity Connected |
|---|---|
| Electric | Standard |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pico Rivera |
| Zip Code | 90660 |
| Area | 649 Pico Rivera |
| Listing VS Median (in 90660) | |
Price: $3,000,000 low | high Med: $750,000 sqft: 2,497 low | high Med: 1,117 $ / sqft: $1,201 low | high Med: $675 On site: 64 low | high Med: 106 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pico Rivera |
| Zip Code | 90660 |
| Area | 649 Pico Rivera |
| Listing VS Median (in 90660) | |
Price: $3,000,000 low | high Med: $750,000 sqft: 2,497 low | high Med: 1,117 $ / sqft: $1,201 low | high Med: $675 On site: 64 low | high Med: 106 | |
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