Poki and Sushi Restaurant for Sale in Artesia

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Low rent and profitable Poki and Sushi restaurant for sale in Artesia at the 99 Ranch Market Plaza next to Cerritos, California, exclusively listed by Simon Group Real Estate on behalf of the Ownership. Additional tenants include: East West Bank, Boiling Point, Lee’s Sandwiches, Pho 2000, Daiso Japan, Burger IM, Euro-Asian Sandwiches, Café D.er, Rice on Dish, Let’s Sea Bag n’ Roll, Lollicup and It’s Boba Time Cafe.

Bowls by 39 Degrees Logo

Original Purchase Date: December 22, 2015 – In Business for 3.5 years
Existing Name: Bowls By 39 Degrees – Yelp : Website 

Address: 17901 Pioneer Blvd, Suite G, Artesia, CA 90701

Exclusive use: Japanese fast food restaurant serving primarily raw fish salad bowl.  Sushi, as an exclusive and primary use, is available at the 99 Ranch Market retail plaza however, subject to Landlord approval. Existing restaurant does serve Sushi and Ramen.

Existing Lease Terms:
Original lease date: April 12, 2011
Initial Term: 10 Years
Optional Renewal Periods: X2 5 year
2 years remain on existing, initial 10 year term with X2 5 year optional renewal periods

Monthly Base Rent Year 9: $3,258.76
Monthly Base Rent Year 10: $3,421.65

First 5 Year Optional Renewal Period Base Rent Adjustments
Year 11 Base Rent: The greater of year 10 base rent + 5% or fair market rent
Years 12-15 Base Rent: the greater of 4% or the percentage as published under the Consumer Price Index (the annual base rent may not be decreased should the consumer price index decrease, hence a minimum increase of 4%)

Second 5 Year Optional Renewal Period Base Rent Adjustments
Year 16 Base Rent: The greater of year 15 base rent + 5% or fair market rent
Years 17-20 Base Rent: the greater of 4% of year 16 base rent or the percentage as published under the Consumer Price Index (the annual base rent may not be decreased should the consumer price index decrease, hence a minimum increase of 4%)

Additional Expenses:
CAM: yearly Landlord anticipated common area maintenance costs, paid monthly, whose amount is calculated based on the size of Unit G in comparison to the entire leasable space at the plaza. CAM is reconciled annually.

(NNN) Real Estate Taxes and Insurance: yearly Landlord real estate taxes and insurance costs, paid monthly, whose amount is calculated based on the size of Unit G in comparison to the entire leasable space at the plaza

Size: 1,239 sqft.

List Price: $220K

* Please, Do Not Discuss The Sale With Any Employees *

Exclusive Listing Provided By:
Simon Group Real Estate, DRE: 01905922
Responsible Broker: Thomas John Simon, DRE: 01726843
Listing Agent: Panjamaporn Ampant, DRE: 01992374
3100 Chino Hills Pkwy Ste: 1525
Chino Hills, CA 91709
(909) 248-4804

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Chino Hills Growth, Economics and Real Estate Insights Guide
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