2647 Mission Street
San Marino, CA 91108
#SB21224209
Description
Trophy single tenant net leased investment in super upscale San Marino, the iconic gourmet restaurant/market business, has been known for 36 years as Julienne. The Spanish colonial architecture and sidewalk eating area patio and ultra elegant interior are a true "pride-of ownership" asset. This proven location, a familiar site to locals and celebrities alike, has scaled back the menu to focus more on prepared dishes, frozen entrees for take-out, boutique wines, homemade sweets, and gifts, yet remains an exceptionally strong viable business regardless of the pandemic. The long standing restaurant/market location is unique in walking distance from the dense residential area, as well as providing substantial parking in and around Mission Street. Quite simply, there is no seriously competitive iconic proximity for business in the small upscale downtown San Marino. The existing lease is structured as NNN with the exception of face/exterior walls and roof, This is truly a singular exceptional property which represent an amazing generational investment. Tenant has recently executed option to extend lease to July 2027.
Property Details
Property
- Stories:1
- Lot description:Item01UnitAcre
Measurements
- Acres:0.138
Construction Details
Type & Style
- Property type:Purchase
Condition
- Year built:1927
Utilities / Energy Details
Utility
- Utility source:Public
- Utility features:ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
Community and Neighborhood Details
Location
- County:Los Angeles
Financial Details
Pricing Details
- Original List Price:$5, 495, 000
- Buying Agency Compensation:1.500
Other
Source
- MLS #:SB21224209
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jim Menton (#SMENTJIM)
Listing Office: The Realestate Group (#S5747)
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