14740 Beach Blvd, La Mirada, CA 90638

THE INVESTMENT
We are pleased to present 14740 Beach Boulevard in La Mirada, California. A 4,000 square foot full-service restaurant property plus a take-out coffee bar space that is well positioned to adapt to coronavirus modifications. The restaurant has several private dining rooms as well as an open-air patio section creating plenty of separation and opportunity to social distance dinner parties. Additionally, the restaurant is equipped with high capacity ventilation fans, and has well defined areas with plenty of distance between them. The restaurant has a full-service bar and liquor license and recently opened a separate coffee shop unit that can service take out or curb-side orders.
TENANT STATUS
In May of 2018, a restaurant tenant signed a 7-year Triple Net lease, along with two 5-year options starting at $6,000 per month and increasing to a maximum of $7,000 per month. While the tenant spent a considerable amount of capital on improvements, there have been a couple of concept changes throughout a fairly short period of time. These concept changes, coupled with the impact of Covid-19, have caused this restaurant to go dark until further notice. The tenant is in constant communication with the listing agents and wants to remain cooperative throughout the sale process. The tenant would consider selling the liquor license, any FF&E, plus the business the Buyer of the real estate if the price and conditions are acceptable. The listing agents can provide additional details to serious inquirers.