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Kalaveras - Type 47 ABC Lic Bar & Restaurant 383 W 5th St 2,848 SF Retail Building San Pedro, CA 90731 $3,936,389 CAD ($1,382.16 CAD/SF) 6.50% Cap Rate



EXECUTIVE SUMMARY
LONG TERM SALE-LEASEBACK INVESTMENT
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 property taxes, insurance, repairs and maintenance.
EXPERIENCED OPERATOR
Operator is a well-established and successful operator with ~40 years of restaurant experience, presently operating 9 locations.
STRATEGIC LOCATION
Positioned near major arterial routes including I-110 and I-710, providing great connection to Downtown LA, Long Beach, and the greater South Bay region, enhancing customer access and delivery logistics.
HEDGE AGAINST INFLATION
10% scheduled rental increases every five years provide for hedge against inflation and consistent rent growth.
NEARBY ANCHORS & ATTRACTIONS
Close to San Pedro Fish Market, Battleship USS Iowa Museum, Crafted at the Port, and the LA Maritime Museum, popular year-round destinations drawing locals and tourists alike.
DENSE RESIDENTIAL TRADE AREA
Over 209,706 residents within a 5-mile radius having an Average Household Income of $90,547, supported by a robust daytime workforce and steady demand from nearby offices and retailers.
FULL-SERVICE LIQUOR & EVENT LICENSED
Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations, along with permits that support private events and off-site catering.
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 property taxes, insurance, repairs and maintenance.
EXPERIENCED OPERATOR
Operator is a well-established and successful operator with ~40 years of restaurant experience, presently operating 9 locations.
STRATEGIC LOCATION
Positioned near major arterial routes including I-110 and I-710, providing great connection to Downtown LA, Long Beach, and the greater South Bay region, enhancing customer access and delivery logistics.
HEDGE AGAINST INFLATION
10% scheduled rental increases every five years provide for hedge against inflation and consistent rent growth.
NEARBY ANCHORS & ATTRACTIONS
Close to San Pedro Fish Market, Battleship USS Iowa Museum, Crafted at the Port, and the LA Maritime Museum, popular year-round destinations drawing locals and tourists alike.
DENSE RESIDENTIAL TRADE AREA
Over 209,706 residents within a 5-mile radius having an Average Household Income of $90,547, supported by a robust daytime workforce and steady demand from nearby offices and retailers.
FULL-SERVICE LIQUOR & EVENT LICENSED
Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations, along with permits that support private events and off-site catering.
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
$3,936,389 CAD
Price Per SF
$1,382.16 CAD
Cap Rate
6.50%
NOI
$255,865 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
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7455-013-015 | Improvements Assessment | $883,444 CAD |
| Land Assessment | $1,647,100 CAD | Total Assessment | $2,530,544 CAD |
PROPERTY TAXES
Parcel Number
7455-013-015
Land Assessment
$1,647,100 CAD
Improvements Assessment
$883,444 CAD
Total Assessment
$2,530,544 CAD
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Kalaveras - Type 47 ABC Lic Bar & Restaurant | 383 W 5th St
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