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1193 Forest Ave 2,571 SF 100% Leased Retail Building Pacific Grove, CA 93950 $1,457,001 CAD ($566.71 CAD/SF) 3.28% Cap Rate
EXECUTIVE SUMMARY
Property is free standing and a total of 2,571 sq ft.
Property has great visibility and excellent access.
Property is leased to the Little Chicken House.
Tenant's Lease expires December 31, 2027.
Property has the only approved and active drive thru in the city limits of Pacific Grove.
Property is part of a larger parcel and will need a lot line adjustment prior to close of escrow.
Property has great visibility and excellent access.
Property is leased to the Little Chicken House.
Tenant's Lease expires December 31, 2027.
Property has the only approved and active drive thru in the city limits of Pacific Grove.
Property is part of a larger parcel and will need a lot line adjustment prior to close of escrow.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,571 SF
Building Class
C
Year Built
1962
Price
$1,457,001 CAD
Price Per SF
$566.71 CAD
Cap Rate
3.28%
NOI
$47,723 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 006-713-019-000 | Improvements Assessment | $186,497 CAD |
| Land Assessment | $442,199 CAD | Total Assessment | $628,696 CAD |
PROPERTY TAXES
Parcel Number
006-713-019-000
Land Assessment
$442,199 CAD
Improvements Assessment
$186,497 CAD
Total Assessment
$628,696 CAD
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1193 Forest Ave
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