39904 Big Bear Blvd - Restaurant FOR SALE


Big Bear Lake, CA 92315
$1,888,000 USD
760-670-8305
39904 Big Bear Blvd, Big Bear Lake, CA for Sale
$1,888,000 USD
Restaurant - FOR SALE
1/36
null | 5.77% Cap Rate

39904 Big Bear Blvd
Big Bear Lake, CA 92315


HIGHLIGHTS

  • Absolute NNN with 10+years Single Tenant Lease / 5.77 % CAP / Every 5 years 10% rent increase
  • Big Bear is the most visited Mountain in Southern California for Winter and Summer Vacations!
  • Excellent Visibility Central Location directly on HWY 18

OVERVIEW

In 2019 everything was fully overhauled and beautifully renovated. That included structural, electrical, plumbing, walls, flooring, windows etc. even brand-new interior Fire Sprinkler system, as per current building codes. Absolute NNN Lease in place for the next 10+ years. Single Tenant pays the Property Tax, All Insurance Cost and all Maintenance cost. Property Insurance/Liability and Workers Comp Insurances are all current, up to date and active! Zero Owner Responsibility/passive Income. 5.77% CAP Rate. Buildings sit on over 1/2 acre and there are plenty of parking spots (approx.30, big plus as there is parking scarcity on Big Bear Mountain and Big Bear Lake) Fantastic Visibility and very easy access because the property is located directly on the Main Road (HWY 18 / Big Bear Blvd.) Close to all attractions! Walking distance and view of Big Bear Lake. Great Investment opportunity in this Southern California Darling Vacation Spot: "Big Bear Lake and Big Bear Mountain Summer and Winter Vacation Destination" Fully running Restaurant (famous USA Country Kitchen Franchise) with over 20 dining tables, big Kitchen, cellar for cooler and storage, and Mini Hotel with a total of 8 Guest Rooms and 10 Bathrooms. Most visited Ski Location in Southern California. Big Bear has approx. 3M+ annual visitors and approximately $30M are spent annually on Food and Beverages. Approx. $450M annually spent on general tourism and lodging on this famous S. California Tourist Destination.

FOR SALE DETAILS

PRICE

$1,888,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Kitchen Restaurant and 8 Room Hotel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,840 SF

ZONING

Commercial

APN/PARCEL ID

0307-192-34

ASK ABOUT THIS PROPERTY

Sachi PlummerREeBroker GroupMore Info
760-670-8305

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

Sachi PlummerREeBroker GroupMore Info
760-670-8305

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