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#5367
Santa Clara County

Established restaurant in upscale Downtown Palo Alto

$465,000
Established restaurant in upscale Downtown Palo Alto
This Listing is Expired

Established restaurant on the best location in Downtown Palo Alto near by giant company like Amazon com, Houzz company, Stanford University, Apple store.
Total sale 1.4 million up, 4 year lease Lease + NNN $17,105.00. Can seat to 55+ additional 30

This is a EXP Commercial of California, Inc listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
Santa Clara County
Lease Term:
There is 4 years remaining on lease
Total Monthly Rent:
$17790

Operations

Liquor License:
41
# of Full-Time Employees:
6
# of Working Owners:
2
Hours Open:
open everyday
Year Established:
25 years
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
32
# of Parking Spots:
street parking
Inside Sq. Ft.:
2,500

Highlights

  • Locate near Stanford University
  • Upscale neighborhood with high end restaurants

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 17,384 153,237 183,719
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,579 55,169 67,533
2010 Persons Per Household 2.20 2.64 2.58
Median House Value $1,000,000 $990,114 $927,681
Income Per Household $122,473 $107,577 $105,742
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,313 5,513 6,699
2012 Number Of Employees 36,700 262,466 350,734
2012 Total Annual Payroll $1,775,217,000 $4,294,967,295 $4,294,967,295

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Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.


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