MLS® ID: OC18282090
7115 Beach Boulevard
Buena Park, California, 90620 $4,088,000
The Riviera Mediterranean Restaurant in Buena Park is an iconic restaurant / hookah lounge and banquet hall located in the heart of Orange County, CA. This location is approximately 9,150 Sq. Ft., including patio space. Recently Remodeled in 2005 and again in 2018 with permits and approvals from city of Buena Park. There are currently 10 years left on the lease at $20,000 / month with an increase of 2% annually. Cap Rate of 4.78%. This investment is extravagantly built with imported goods, architecture, and decor. The restaurant also contains an equally luxurious and large patio area with water fall fountains, imported stone and an expansive seating area. Awarded numerous awards and recognition, Riviera Mediterranean Restaurant is one of Orange County's premier venues for large private parties as well as a trendy hookah lounge restaurant. The restaurant has frontage plus prominent monument signage directly on Beach Boulevard and is situated on a highly visible pad in a Target anchored shopping center. Walking distance to "The Source Development" 450,000 sq. ft. of urban retail. This property is conveniently located in the Entertainment corridor right off Beach Boulevard exit on the 91 Freeway in Buena Park. The property's frontage on Beach Boulevard gives the site visibility to over 61,000 vehicles per day and is feet from its intersection with Orangethorpe Avenue boasting an additional 31,000 vehicles per day.