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Urbane Cafe & Love Sushi 2658 Mount Vernon Ave 4,250 SF 100% Leased Retail Building Bakersfield, CA 93306 $3,537,000 ($832.24/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

New Construction Completed in 2018
Long Term Leases - Approximately 9 Years Remaining on Love Sushi and 6 Years Remaining on Urbane Cafe
Triple Net (NNN) Leases Featuring 4% Management Fees

Small Price Point - Ideal 1031 Opportunity
Strong Rental Increases Providing Hedge Against Inflation - Annual 2% Increases (Love Sushi) / 10% Every 5 Years (Urbane Cafe)
Pad Building to 100% Leased Shopping Center

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,250 SF

Building Class

Year Built

2018

Price

$3,537,000

Price Per SF

$832.24

Cap Rate

5.25%

NOI

$185,668

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.09

Lot Size

1.10 AC

Zoning

C-2 - Retail/Office/Medical.

Parking

46 Spaces (10 Spaces per 1,000 SF Leased)

Signage

Air Conditioning

Smoke Detector

MAJOR TENANTS

Love Sushi
Accommodation and Food Services
1,992 SF
$42.84
Triple Net
Mar 2031

Urbane Cafe
Accommodation and Food Services
1,990 SF
$45.00
Triple Net
Mar 2028

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE	LEASE END
Love Sushi	Accommodation and Food Services	1,992 SF	$42.84	Triple Net	Mar 2031
Urbane Cafe	Accommodation and Food Services	1,990 SF	$45.00	Triple Net	Mar 2028