Rare Restaurant Drive-Thru NNN Leased Investment

2395 University Ave, East Palo Alto presents an opportunity to acquire a single-tenant NNN leased Taqueria located on the corner of University Avenue and Bay Road in East Palo Alto. 0.70 miles away from Ikea, Four Seasons Resort, and the Gateway 101 shopping center which includes tenants such as Home Depot, Nordstrom Rack, Target, PGA Tour Superstore and many more. Taqueria El Jarocho signed a 10-year lease commencing on January 1st, 2021, and expiring December 31st, 2030, with no options to extend past December of 2030. The property is a 579 square foot restaurant with a drive-thru situated on an 8,587 square foot lot. Excellent central location in East Palo Alto, 0.70 miles away from Ikea, Four Seasons Resort, and the Gateway 101 shopping center which includes tenants such as Home Depot, Nordstrom Rack, Target, PGA Tour Superstore and many more. Strong demographics with household incomes in excess of $113,000 in a 1-mile radius.