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16870 State Highway 14
Mojave, CA 93501
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ?? High-Visibility Investment on Highway 14 – Prime standalone restaurant location along Mojave’s main business corridor with excellent exposure
- ??? Established Restaurant Tenant – Long-term Thai restaurant tenant paying $3,465/month (including CAM) with 5% annual rent increases and two 5-year
- ?? Strategic Location – Minutes from Mojave Air & Space Port and on the route to major destinations including Bishop and Mammoth Lakes — a popular res
- ?? Tesla Charging Station Income – Tesla leases 20 charging stalls, paying $3,000/month with a long-term lease through October 31, 2031, plus two 5-yr
- ?? Attractive Financials – Total annual scheduled income of $77,220 and a 5.74% CAP Rate on a $1,079,000 offering price.
- ??? Strong Tenant Mix & Stability – Dual tenancy with a globally recognized brand (Tesla) and an established local restaurant ensures consistent incom
EXECUTIVE SUMMARY
A beautiful and well kept Thai cuisine standalone restaurant is for sale on a business highway in the heart of Mojave, California. The restaurant can seat about 60 people on a lot size of: 35,284 sq. ft. With a very stable Tenant: the world renown company: Tesla has installed 20 charging parking stalls after doing extensive market research. Tesla is paying: $3,000 per month and their lease ends on: 10-31-2028 with 2 5 year options they can exercise.
The Thai restaurant Tenant is paying: $3,465 per month which includes the $600 common area maintenance fee and their lease increases 5% every June. Their lease ends on May 31st, 2026 and they have 2 5 year options they can exercise.
The Current calculation is a: 4.85% capitalization rate. Total Gross Scheduled Income = $6,435 x 12 months = $77,220 per year. $77,220 - $7,722 (10%) Vacancy Factor = $69,498 Gross Operating Income. $69,498 - $15,321.80 (Expenses of: Insurance (liability), Insurance (flood), Gardening/Maintenance, CAM water bill, Estimated taxes at: 1.42%) = $61,898.20 Net Operating Income. $61,898.20 /divided by/ $1,079,000 = 5.74% CAP Rate.
Located in a magnificently beautiful area in Mojave with plentiful parking! The restaurant is on the northern side of Mojave, close to the Mojave Air and Space Port. Fronting on Highway 14 where it turns East towards Bishop and Mammoth, the restaurant is highly visible and makes a logical stopping point for those making the long trip to and from those winter and summer resorts. Several driveways make it easy to exit the highway. *All financials are estimates and property details must be verified by Agent and Buyer.
The Thai restaurant Tenant is paying: $3,465 per month which includes the $600 common area maintenance fee and their lease increases 5% every June. Their lease ends on May 31st, 2026 and they have 2 5 year options they can exercise.
The Current calculation is a: 4.85% capitalization rate. Total Gross Scheduled Income = $6,435 x 12 months = $77,220 per year. $77,220 - $7,722 (10%) Vacancy Factor = $69,498 Gross Operating Income. $69,498 - $15,321.80 (Expenses of: Insurance (liability), Insurance (flood), Gardening/Maintenance, CAM water bill, Estimated taxes at: 1.42%) = $61,898.20 Net Operating Income. $61,898.20 /divided by/ $1,079,000 = 5.74% CAP Rate.
Located in a magnificently beautiful area in Mojave with plentiful parking! The restaurant is on the northern side of Mojave, close to the Mojave Air and Space Port. Fronting on Highway 14 where it turns East towards Bishop and Mammoth, the restaurant is highly visible and makes a logical stopping point for those making the long trip to and from those winter and summer resorts. Several driveways make it easy to exit the highway. *All financials are estimates and property details must be verified by Agent and Buyer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,050 SF
Building Class
C
Year Built
1982
Price
$1,493,876 CAD
Price Per SF
$368.86 CAD
Cap Rate
5.73%
NOI
$85,599 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
M-2 PD FPS - Light Industrial
Parking
35 Spaces (8.64 Spaces per 1,000 SF Leased)
Frontage
64’ on State Highway 14
AMENITIES
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 236-060-23-00-4 | Improvements Assessment | $831,974 CAD |
| Land Assessment | $58,231 CAD | Total Assessment | $890,204 CAD |
PROPERTY TAXES
Parcel Number
236-060-23-00-4
Land Assessment
$58,231 CAD
Improvements Assessment
$831,974 CAD
Total Assessment
$890,204 CAD
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