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2658 Mount Vernon Ave
Bakersfield, CA 93306

$3,537,000 USD

Restaurant For Sale • 4,250 SF

Property Details

Property Type Restaurant
Total Building Size 4,250 SF
Lot Size 1.1 AC
Building Class A
Year Built 2018
Cap Rate 5.25 %
Tenancy Multiple
Zoning C-2

38 Transit Score

75 Walk Score

                
                    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

Cap Rate:

5.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Love Sushi	1,992 SF	3/30/2031
Urbane Cafe	1,990 SF	3/31/2028

Amenities

Signage
Air Conditioning
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Bakersfield (San Joaquins - Amtrak)	8 min	-	3.9 mi
Airport	Drive	Walk	Distance
Meadows Field	18 min	-	9.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	46
Type:	Surface
Included in Rent:	Yes

Ryan Sompayrac 843-310-3441 Sands Investment Group

2658 Mount Vernon Ave Bakersfield, CA 93306