2658 Mount Vernon Ave - Restaurant FOR SALE


Bakersfield, CA 93306
$3,537,000 USD
843-310-3441
2658 Mount Vernon Ave, Bakersfield, CA for Sale
$3,537,000 USD
Restaurant - FOR SALE
1/16
null | 5.25% Cap Rate

2658 Mount Vernon Ave
Bakersfield, CA 93306


HIGHLIGHTS

  • New Construction Completed in 2018
  • Small Price Point - Ideal 1031 Opportunity
  • Long Term Leases - Approximately 9 Years Remaining on Love Sushi and 6 Years Remaining on Urbane Cafe
  • Strong Rental Increases Providing Hedge Against Inflation - Annual 2% Increases (Love Sushi) / 10% Every 5 Years (Urbane Cafe)
  • Triple Net (NNN) Leases Featuring 4% Management Fees
  • Pad Building to 100% Leased Shopping Center

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,982 SF Mount Vernon Retail Center Located at 2658 Mount Vernon Avenue in Bakersfield, CA. This Opportunity Includes Two, High-Quality Internet & Recession-Resistant Tenants With Long-Term Leases. Urbane Cafe Features 10% Increases Every 5 Years and Love Sushi Has Rare 2% Annual Increases Providing a Strong Hedge Against Inflation. Adjacent to a High-Performing Smart & Final Grocery anf Other Strong Retailers, This Investment Offers a Secure Investment With Strong Rent Growth and a Destination Location. In Cooperation With Sands Investment Group, Inc Lic. # 01768950

FOR SALE DETAILS

PRICE

$3,537,000 USD

PRICE/SF

$832 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urbane Cafe & Love Sushi

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C-2

APN/PARCEL ID

126-100-30-00-3

ASK ABOUT THIS PROPERTY

Ryan SompayracSands Investment GroupMore Info
843-310-3441

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Ryan SompayracSands Investment GroupMore Info
843-310-3441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.