Interested In This Property?
Long Beach, California$349,000
MONTHLY GROSS: $55,000
MONTHLY RENT: $2,200
LEASE TERMS: 7 YRS.
STORE SIZE: 2,000 SF
OPEN HOURS: 7AM-10PM
EMPLOYEES: 1 FT.
EXTRA INCOME: $3,100 LOTTERY, $350 ATM.
NOTE: LOCATED ON A BUSY STREET WITH
HUGE TRAFFIC. VERY LITTLE COMPETITION.
ACTUAL RENT IS $3,100, BUT HOUSE TENANT BEHIND
THE STORE PAYS THE STORE OWNER $900 RENT (SUBLEASE)
FREESTANDING BUILDING. PLENTY OF PARKING.
35% PROFIT MARGIN.
OWNER HAS 2 OTHER STORES AND CAN’T MANAGE ALL.
NET INCOME: $15,000/MO.
ASKING PRICE: $349,000+INV.
Long Beach, California
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