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1193 Forest Ave 2,571 SF Retail Building Pacific Grove, CA 93950 $1,465,401 CAD ($569.97 CAD/SF) 3.28% Cap Rate
Investment Highlights
- Call Robert Enea for more information
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
$1,465,401 CAD
Price Per SF
$569.97 CAD
Cap Rate
3.28%
NOI
$47,998 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Parking
7 Spaces (2.72 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-713-019-000 | Improvements Assessment | $185,053 CAD |
| Land Assessment | $438,775 CAD | Total Assessment | $623,829 CAD |
Property Taxes
Parcel Number
006-713-019-000
Land Assessment
$438,775 CAD
Improvements Assessment
$185,053 CAD
Total Assessment
$623,829 CAD
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1193 Forest Ave
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