Maelezo
Trophy Single Tenant net leased investment in super upscale San Marino, Pasadena's finest suburban location. The iconic gourmet restaurant/market business has been known for 40 years as Julienne. The Spanish colonial architecture sidewalk patio eating area and ultra elegant interior are a true pride of ownership asset. The proven location, a familiar site to locals and many celebrities alike (think athletes nearby); the emphasis has shifted to boutique prepared meals, fine wines, exotic and extensive deserts and gifts, adding substantial tenant income. The long coveted location is unique in walking distance from a dense high income residential area, as well as providing substantial area street parking in and around the Mission Street corridor. Simply there is no competitive large location proximate. The existing lease is NNN. Tenant has option to remain through 2031 including large annual rent increases.
