'Mini Whole Foods' Grocery For Sublease/Equip Sale

Cupertino, CA (Santa Clara County)

'Mini Whole Foods' Grocery For Sublease/Equip Sale

Asking Price:$50,000

Established:2011

'Mini Whole Foods' Grocery For Sublease/Equip Sale

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Asset Sale Description

High end location, interior and exterior finishes and grocery store display and kitchen / refrigeration equipment, and point of sale cash register system for sublease (20 months left with current rate at $2.35 NNN and $0.80 CAMs, with 5 year option to renew) and sale of equipment at 80% of recent actual investment value. Market tenant/owner invested $365,000 to build out and equip the space, you can buy him out for $50,000. Don't have the money to invest, talk to your local bank about an SBA loan.

The "Monta Vista Market" was opened by a successful HR business founder with no retail or grocery experience. He admits that he was an absentee owner, and that daily supervision of the staff and managing customer relationships would have likely yielded much better results.

The adjacent former Sushi restaurant is also available for a new lease, so you could sublease our 1,945 sf, and add another 2,160 sf for 4,105 sf total, if you'd like. Perhaps open an Asian or Indian grocery store with a corresponding restaurant next door!

The 1,945 sf grocery space is approx. 75% sales floor and 25% prep/cooler/office/storage/restroom. Lease with or without grocery equipment.

Cupertino delivers some of the highest API school test scores in California and this drives strong demand for housing by very well educated and wealthy home owners and renters in the area. The result is strong retail demand for high end goods like a 'Mini Wholefoods' grocery.

Directly across from the Cupertino US Post Office. Very convenient location 2 blocks away from highway 85/280. Close to DeAnza College.

Other tenants include Subway, Gumba's Italian Restaurant, 2 Hair salons and Dog Grooming Service.

Average Household Income:
1 Mile Radius =$168,525
2 Mile Radius =$155,237
3 Mile Radius =$155,600
Year: 2013 | Source: ESRI

Traffic Count:
Stevens Creek Blvd & Pasadena Ave
20,640 CPD
Year: 2009 | Source: KSS Fuels

Detailed Information

Facilities:
1,945 sf leased with 20 months left in a nice, remodeled retail center in Cupertino, CA across the street from the US Post Office, with 20,000 cars per day, just off highway 85 and 280 on Stevens Creek Blvd. Sublease at $2.35 per month per square foot, based rent, plus $0.80 per month per square foot common area operating expenses.
Financing:
Possibly
Support & Training:
The seller would be willing to provide some defined training, and potentially consulting as a part of the equipment / business sale.
Reason for Selling:
The retired business owner had no experience in retailing or grocery.
Business Website:
http://www.loopnet.com/lid/18918838

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Alex Kent

Asset Sale Listed By:
Alex Kent

Symphonic Investments

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