16130 Sierra Way 3,070 SF Vacant Retail Building Kernville, CA 93238 $1,366,606 CAD ($445.15 CAD/SF) 10.07% Cap Rate

Operational business & rental income opportunity: offering ±5,845 SF consisting of ±1,950 SF of general store & restaurant, ±1,820 SF newly renovated living space, ±1,175 SF of additional storage & a ±900 SF garage/freezer. RiverKern General Store is the closest lodging to destinations such as “Trail of 100 Giants” and the wilderness areas of the southern Sierra Nevada Mountain Range. Steadily increasing clientele – including European and Asian travel agencies – continue to add a tour of the southern Sierras to their trips to LA, San Diego, Death Valley and Las Vegas. Kernville and Lake Isabella are popular fishing & recreational destinations.
RiverKern store: offers all camping essentials including groceries, beer/wine, camping/fishing supplies, clothing, & more! The Deli offers a wide variety of food on their menu with indoor/outdoor patio seating overlooking the nearby river & surrounding mountains. The store’s commercial kitchen has all equipment included such as BBQ Smoker, cooler, freezer, multi-section prep station, double basket fryer, flat top, hood oven, & walk in cold box with storage. Sales growth is from exposure to public through nearby expanded reservation media, and a steady increase in guests from Europe and Asia through OTA's. Analysis on Page 6 based on 14 summer weeks and 38 winter weeks.
Two story house: located in the rear has potential to be used by an owner/user or split into a duplex for rental income. The downstairs level consists of a full size kitchen, open living room, large master bedroom, recently renovated bathroom & laundry room. The upstairs offers an open living room, kitchen, dining room, 2 bedrooms, full bath & wrap-around balcony. Both levels have all new flooring & plumbing throughout.
The garage: has a large walk-in freezer box & storage for all store products & food. Offers a large storage building w/ storage expansion opportunity. Ample space for RV's, boats, trailers, & more! Tourists are attracted to the building all year round & often stop for the attractive patio dining.