1060-1080 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital & Emergency Center). The investment is a stabilized, tangible asset in great condition; with good quality tenants in place. This is a rare opportunity in Orange County as the existing tenants are ideal in today's ever-changing economic landscape. Both John's Liquor Market & Launderland are seemingly stable during the pandemic. The liquor market's lease is through 2027, and the Laundromat exercised a 5 year option on August 1st. Both leases include 3% rent increase every year.NET LEASES / Very light landlord responsibility: Tax, Insurance, Roof and HVAC paid by landlord and reimbursed accordingly. Located kitty-corner to the Anaheim Regional Hospital and Emergency Center. Medical offices stand on both side of the property as well.
*The Seller sends letters twice a year for property taxes and one letter for insurance for reimbursement. Also, the gardener charges the owner $80.00 per month which bill's the tenants biannually December/June. Rent increase letters go out January(1060) and October(1080). 1060 pays 52% and 1080 pays 48% of expenses.