701 Restaurant and Bar & Apartments
100 South Main Street
Santa Ana, CA 92701
Highlights
- Key Retailer Placement Surrounding Asset. There are a number of premier tenants surrounding the asset such as Food 4 Less, CVS, Rite Aid, Marshalls, Little Caesars, McDonald's, Taco Bell, Waba Grill, Napa Auto Parts, Advanced Auto Parts, Firestone, and more.
- Location of Value being placed along 1st Street & Main Street. Major Retail Corridor in Santa Ana, California.
- Major Developments are taking place in Santa Ana, California. Major developments are taking place in the area such as 1st and Harbor Mix-Use Development, 3rd and Broadway Mix-Use Development, 4th and Mortimer Mixed-Used Development, 5th and Harbor Mixed-Use Development, 7-Eleven Service Station (Euclid Street), AMG Senior Housing, Arches (Formerly Westview Housing), and more. See developments at https://www.santa-ana.org/major-planning-projects- and-monthly-development-project-reports/.
- Top-Notch Recognition and Ease of Access. 1st Street & Main Street features many Key Tenants due to Top-Notch Recognition along with Ease of Access to 5 Freeway.
Description
eXp Commercial is pleased to provide the opportunity to obtain the fee simple interest in a high-performing asset at 701 Restaurant & Bar and Apartments. The asset commonly known as 701 Restaurant & Bar and Apartments is located at 100 S. Main Street in Santa Ana, California. The asset would be Listed for $11,500,000.00 - USD at a 5.33% CAP Rate. The 701 Restaurant & Bar Lease pays $43,000.00 / Month while also being NNN where the tenant pays expenses & each Apartment unit above averages $900 / Month and is metered. The property situates with a steady income at $613,200 / Annually displaying top performing numbers in an asset which the tenants greatly value. The property was previously entitled for 14 3-story condos on the property which allows for a developer to add value.
398-278-04
