Single Tenant Leased Investment at a low price point! Excellent mid-town Ventura location on busy Main St in a densely populated area. Leased to an outstanding best in class Vietnamese Restaurant with approximately 6.5 years remaining with annual CPI increases. Cap rate is 3.41, with significantly below market rents. Mai's Vietnamese Restaurant has operated here for 13 years, and delivers excellent quality, good quantity and reasonable prices. The property is in excellent condition, with a recent $60,000 remodel by Tenant demonstrating its commitment to the location. The building has all the infrastructure in place including a 12' hood, grease trap, walk in cooler, ADA restroom.
A true legacy asset as ownership has been in the same family since the 1940's!!
