Imperial Beach Commercial Property
Recently Closed
$800,000
Description
- Purchase Price of $800,000 For Retail Building Known as the IB Public House
- Sale/Leaseback with New 5 Year Lease Agreement
- Triple Net Lease-No Landlord Responsibilities
- Tenant has One 5 Year Option to Extend the Term of the Lease
- 7.25% CAP Rate Year 1 with 3.5% Annual Rental Increases Increase
- +/-1,750 Square Foot Building Not Including Outdoor Seating Area
- Recently Fully Remodeled Bar with New Grease Trap and Permitted Hood System
- New Electrical, Plumbing, Framing, HVAC, Doors, Windows, Drywall Insulation, etc.
- Strong Vehicle Traffic Counts of 45,000 Cars Per Day (Sandag)
- Now Known as Jack’s Fire Pit