For Sale
$300,000

6266 Rosemead Blvd Temple City, CA 91780

High-profit potential, established smoke shop

Overview

Added:
Dec 11, 2024
Days on market:
135
Prime Temple City location, this 2,600 sq ft smoke shop presents a lucrative investment opportunity. Currently generating $40,000 monthly gross revenue, projections indicate at least doubling within 12-18 months due to nearby apartment complex renovations nearing completion. The business, established in 2018, boasts a Class C building with a modified lease (3 years remaining) and includes all inventory. Located on a high-traffic corner (Rosemead Blvd & Longden Ave), it benefits from approximately 40,000 cars daily. The asking price is $300,000, with a 50% cap rate. Expenses include $3,852 monthly rent, $155 for internet/security, and $300 for electricity. The property features five units and is currently vacant, offering immediate occupancy. This is the only licensed smoke shop in Temple City, making it a unique and highly desirable business acquisition. The APN is 5384005001.

Highlights

  • Strong historical performance: Prior to nearby apartment complex renovations, the business generated $70,000 in monthly gross sales.
  • Current performance and upside: Current monthly gross sales are $40,000, poised for significant growth as the adjacent apartment complex nears completion and re-leasing.
  • Projected growth: Gross income is projected to double within the next 12-18 months.
  • Attractive lease terms: Monthly rent is $3,852.
  • Low operating costs: Monthly utilities total $455 (internet/security and electric); gas is not applicable.
  • Owner-operator business: The business is currently owner-operated.

Property Details for 6266 Rosemead Blvd

Property type
Commercial real estate
Square Feet
2,600 SF
Class
C
Year Built
2018
Units
5

Location Insight

City
Temple City
County
Los Angeles
State
California
Latitude
34.1132692
Longitude
-118.0731847

FAQs

What type of property is this?
Commercial real estate - High-profit potential, established smoke shop
Where is the commercial real estate located?
The property is located at 6266 Rosemead Blvd Temple City, CA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Strong historical performance: Prior to nearby apartment complex renovations, the business generated $70,000 in monthly gross sales.; Current performance and upside: Current monthly gross sales are $40,000, poised for significant growth as the adjacent apartment complex nears completion and re-leasing.; Projected growth: Gross income is projected to double within the next 12-18 months.
How can I contact the broker?
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6266 Rosemead Blvd
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