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1951 East Colorado, Pasadena, CA 91107

$2,388,000
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List Price
$2,388,000
Status
ACTIVE UNDER CONTRACT
MLS#
CV-26233688
Lot Size
22,609
Days on Market
9
Property Type
Land
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760-880-8385

Property Description

100% Land Title: ±22,609 SF land parcel APN 5746-015-057 Passive Rent: Collects monthly Absolute NNN ground rent Zero Maintenance: No roof, HVAC, Property Tax, or insurance bills Reversion Rights: Takes free title to building at lease end Leasehold Building: ±2,082 SF QSR drive-thru structure Tenant Expense: Franchisee pays 100% of property upkeep Direct Tax & Insurance: Paid directly by QSR tenant (Taco Bell) Locked-in Entitlement: Rare 24-hour drive-thru permit in Pasadena

760-880-8385
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Additional Information

Land Lease Type
Lease
Land Lease Amount
$8858
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None
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Listing courtesy of RENKEN COMPANY.