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KFC 201 S China Lake Blvd 1,640 SF Retail Building Ridgecrest, CA 93555 $28,947,285 CAD ($17,650.78 CAD/SF) 4.60% Cap Rate
Executive Summary
Offered for sale is the opportunity to acquire triple net leases KFC in Kern County, California. The property consists of a 1,620 -square-foot, freestanding buildings that sit on 0.40 acres (17,424) of land. There are around 13 years remaining on the current lease term with 10% every 5 years rental increases, and four 5 years option to extend.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,640 SF
Building Class
B
Year Built
2022
Price
$28,947,285 CAD
Price Per SF
$17,650.78 CAD
Cap Rate
4.60%
NOI
$1,331,575 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.40 AC
Zoning
PM
Parking
23 Spaces (14.02 Spaces per 1,000 SF Leased)
Frontage
88’ on South China Lake Boulevar
Amenities
- Drive Thru
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
Nearby Major Retailers
1 of 6
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RSD Investments
KFC | 201 S China Lake Blvd
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