Interested In This Property?
South Gate, California
$385,000Property Details
Property Description
MONTHLY GROSS: $60,000
MONTHLY RENT: $3,600+$900 NNN
LEASE TERMS: 9+10 OPTION
STORE SIZE: 2,600 SF.
OPEN HOURS: 9AM-10PM
EMPLOYEES: 1 FT, 1 PT
WAGE: $3,500/MO.
EXTRA INCOME: $1,800 LOTTERY, $600 CHECK CASHING.
REASON FOR SELLING: OWNER HAS HEALTH CONDITIONS.
MIGHT NEED COUPLE OF SURGERIES.
NOTE: SAME OWNER SINCE 1998. OWNERS MADE A SMALL FORTUNE
FROM THIS BUSINESS. USED TO GROSS OVER 85K/MO. WITH
1 MILLION IN CHECK CASHING. OWNERS ARE OLD NOW
AND LACKS ENERGY. LONG TERM LEASE.
SHORT OPEN HOURS. POTENTIAL TO INCREASE BUSINESS
WITH LONGER HOURS AND ADDING FRESH INVENTORY.
NET INCOME: $8,000/MO.
ASKING PRICE: $385,000+INV. (Around 100k)
Location
South Gate, California
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