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Kalaveras - Type 47 ABC Lic Bar & Restaurant 383 W 5th St 2,848 SF Retail Building San Pedro, CA 90731 $3,694,970 CAD ($1,297.39 CAD/SF) 7% Cap Rate
Executive Summary
LONG TERM ABSOLUTE NNN SALE-LEASEBACK
Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to come.
ABSOLUTE NNN LEASE STRUCTURE
A truly passive investment, with the tenant covering all expenses, including roof, structure, HVAC, property taxes, insurance, repairs and maintenance.
SEASONED RESTAURANT OPERATOR
Tenant is a seasoned restaurant operator with 40+ years of industry experience, providing a proven track record of successful operations.
STRATEGIC LOCATION
Positioned near I-110 and I-710 within the San Pedro Harbor District, offering direct connectivity to Downtown Los Angeles, Long Beach, and the greater South Bay region.
STRATEGIC PORT OF LOS ANGELES LOCATION
Located minutes from the Port of Los Angeles, the busiest container port in North America, anchoring a substantial employment base tied to global trade and logistics.
NEARBY MARITIME & TOURISM ATTRACTIONS
Located near San Pedro Fish Market, the USS Iowa Museum, Crafted at the Port, and the LA Maritime Museum, contributing to steady waterfront activity in the surrounding area.
DENSE RESIDENTIAL TRADE AREA
Over 209,706 residents within a 5-mile radius having an Average Household Income of $136,094, supported by a robust daytime workforce and steady demand from nearby offices and retailers.
FULL-SERVICE BAR AND RESTAURANT
Kalaveras operates as a vibrant bar & restaurant concept, licensed for full-service liquor and alcohol beverage operations.
Featuring a new 10-year lease to be executed at close of escrow, ensuring a hands-off opportunity with an income stream for many years to come.
ABSOLUTE NNN LEASE STRUCTURE
A truly passive investment, with the tenant covering all expenses, including roof, structure, HVAC, property taxes, insurance, repairs and maintenance.
SEASONED RESTAURANT OPERATOR
Tenant is a seasoned restaurant operator with 40+ years of industry experience, providing a proven track record of successful operations.
STRATEGIC LOCATION
Positioned near I-110 and I-710 within the San Pedro Harbor District, offering direct connectivity to Downtown Los Angeles, Long Beach, and the greater South Bay region.
STRATEGIC PORT OF LOS ANGELES LOCATION
Located minutes from the Port of Los Angeles, the busiest container port in North America, anchoring a substantial employment base tied to global trade and logistics.
NEARBY MARITIME & TOURISM ATTRACTIONS
Located near San Pedro Fish Market, the USS Iowa Museum, Crafted at the Port, and the LA Maritime Museum, contributing to steady waterfront activity in the surrounding area.
DENSE RESIDENTIAL TRADE AREA
Over 209,706 residents within a 5-mile radius having an Average Household Income of $136,094, supported by a robust daytime workforce and steady demand from nearby offices and retailers.
FULL-SERVICE BAR AND RESTAURANT
Kalaveras operates as a vibrant bar & restaurant concept, licensed for full-service liquor and alcohol beverage operations.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,848 SF
Building Class
B
Year Built/Renovated
1983/2019
Price
$3,694,970 CAD
Price Per SF
$1,297.39 CAD
Cap Rate
7%
NOI
$258,648 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C - Central Commercial E Sub
Frontage
Amenities
- Restaurant
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7455-013-015 | Improvements Assessment | $851,713 CAD |
| Land Assessment | $1,587,940 CAD | Total Assessment | $2,439,652 CAD |
Property Taxes
Parcel Number
7455-013-015
Land Assessment
$1,587,940 CAD
Improvements Assessment
$851,713 CAD
Total Assessment
$2,439,652 CAD
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Kalaveras - Type 47 ABC Lic Bar & Restaurant | 383 W 5th St
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