"Palace-Like", Luxuriously Decorated, Freestanding Building, on 1.49 Acre Lot with 259' frontage on Hospitality Ln. Beautiful Chinese inspired interior design including water fountain within lobby; tastefully designed chairs, tables, booths, light fixtures, carpeting, and wall art. Two Monument signs; one on Hospitality; one at rear parking, approximately 50' high with visibility to the 10 & 215 freeways. Double Tree Hotel, Best Western, Super 8, Hilton Garden Inn, Costco, Best Buy, Home Depot, Sam's Club, El Torito, Olive Garden, Outback Steakhouse, IHOP, Star Crab, Claim Jumper, Mimi's Cafe, All Within One Mile. 4 Banquet rooms. Full bar with wells, refrigeration, and soda guns. Kitchen includes Hood and Ansul system covering a 12+ Wok range, and a 4 burner range with griddle and oven; Two (2) basket deep fryers; 2 walk-in coolers; walk in freezer; 3 compartment sink; ice maker; POS system; Alarm system; private office; inventory storage room; grease traps at rear parking lot; separately metered water, gas, and electricity. 3 roof top HVAC units. All FFE may be used by the tenant, and is included in the monthly rent with repair, replacement, and maintenance to be negotiated. This popular dining landmark was closed in March 2020 due to Covid restrictions. The restaurant and real estate is owned by a family. The parents have decided to retire, and their son and daughter have professional careers outside of the restaurant business. This is NOT A DISTRESS lease opportunity. The family invites proposals from experienced operators with strong balance sheets, and proven business plans. Retail and office uses are encouraged. Landlord requests that listing agent "qualify" prospective tenants before providing showing instructions. This includes an executed NDA prior to viewing. The owners will not consider a sale of the real estate. Landlord owns a Type 47 ABC license associated with the premises which may be available for purchase.

General Info

  • OrganizationLLC
  • Established1987
  • Current Owner2015
  • EmployeesN/A
  • Reason For SaleRetirement

Facilities

  • Seating250
  • Square Feet8,000
  • ParkingAt rear. 126 stalls. Lit.
  • LicensesCounty Health; ABC 47; City business permit.
  • Open HoursClosed

Lease

  • Rent12,750 + NNN.
  • ExpirationNegotiable.
  • Yearly IncreaseCPI
  • OptionNegotiable.
  • DepositMinimum One months rent or more.

Financials

  • Monthly RevenueN/A
  • Monthly Cash FlowN/A
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$N/A

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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