57084 29 Palms Hwy - Restaurant FOR SALE


Yucca Valley, CA 92284
$2,400,000 USD
650-678-7200
57084 29 Palms Hwy, Yucca Valley, CA for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

57084 29 Palms Hwy
Yucca Valley, CA 92284


HIGHLIGHTS

  • 15-year absolute net lease with 10% rent increases every 5 years
  • Sub 6% rent to sales ratio
  • Replaceable rent – $23.66/SF
  • The subject property is ideally located on 29 Palms Highway just 10 miles from Joshua Tree National Park – one of the most famous national park sites
  • Yucca Valley Airport and nearby Twentynine Palms Airport funnel Joshua Tree tourists to the numerous hotels/rental properties in Yucca Valley

OVERVIEW

An absolute NNN Black Bear Diner with 15+ years remaining in the primary term of the lease which features 10% rental increases every 5 years and three, 5-year options to extend the lease term. The subject property is located just 10 miles from Joshua Tree National Park – 3,000,000+ annual visitors.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$394 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Bear Diner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C-MU

APN/PARCEL ID

0595-371-33

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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