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Urbane Cafe & Love Sushi 2658 Mount Vernon Ave 4,250 SF 100% Leased 4-Star Retail Building Bakersfield, CA 93306 $4,937,369 CAD ($1,161.73 CAD/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction Completed in 2018
- Long Term Leases - Approximately 6 Years Remaining on Love Sushi and 3 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 and 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
In Cooperation With Sands Investment Group, Inc Lic. # 01768950
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,250 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$4,937,369 CAD
Price Per SF
$1,161.73 CAD
Cap Rate
5.35%
NOI
$264,038 CAD
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)
AMENITIES
- Signage
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Love Sushi
- Accommodation and Food Services
- 1,992 SF
- $63.46 CAD
- Triple Net
- Mar 2031
- Urbane Cafe
- Accommodation and Food Services
- 1,990 SF
- $62.82 CAD
- Triple Net
- Mar 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Love Sushi | Accommodation and Food Services | 1,992 SF | $63.46 CAD | Triple Net | Mar 2031 | |
| Urbane Cafe | Accommodation and Food Services | 1,990 SF | $62.82 CAD | Triple Net | Mar 2028 |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 126-100-30-00-3 | Improvements Assessment | $893,837 CAD |
| Land Assessment | $864,485 CAD | Total Assessment | $1,758,323 CAD |
PROPERTY TAXES
Parcel Number
126-100-30-00-3
Land Assessment
$864,485 CAD
Improvements Assessment
$893,837 CAD
Total Assessment
$1,758,323 CAD
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Urbane Cafe & Love Sushi | 2658 Mount Vernon Ave
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