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2860 Lenwood Rd 3,952 SF Retail Building Barstow, CA 92311 $4,128,735 CAD ($1,044.72 CAD/SF) 5.90% Cap Rate
Investment Highlights
- Absolute Net Ground Lease
- 10% Rental Increases Every 5 years
- Major Throughfare to Las Vegas, Los Angeles and San Diego
- Zero Management Responsibilities
- I-15 Freeway Location
- 86,000 Cars Per Day
Executive Summary
This is an opportunity to acquire a Habit Burger ground lease located in Barstow, California. The property was newly constructed in 2017 to suit Habit Burger Grill consisting of 3,952 square feet with drive through, 65-foot freeway sign, sitting on .81-acre parcel. The real estate benefits from its strong location at the I-15 Freeway
(86,000 ADT) and Lenwood Road. This location is home to Outlets at Barstow a 330,000 Square foot outlet mall with 37 Retailers that include some of most recognized and sought after brands in the retail industry. Sixty million travelers pass through Barstow annually visiting the renowned Outlet and surrounding eateries and fuel stations.
(86,000 ADT) and Lenwood Road. This location is home to Outlets at Barstow a 330,000 Square foot outlet mall with 37 Retailers that include some of most recognized and sought after brands in the retail industry. Sixty million travelers pass through Barstow annually visiting the renowned Outlet and surrounding eateries and fuel stations.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,952 SF
Building Class
C
Year Built
2017
Price
$4,128,735 CAD
Price Per SF
$1,044.72 CAD
Cap Rate
5.90%
NOI
$243,595 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.81 AC
Zoning
Commercial (C) - Commercial
Parking
40 Spaces (10.12 Spaces per 1,000 SF Leased)
Frontage
167’ on Lenwood Rd
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0421-313-41 | Improvements Assessment | $2,454,060 CAD |
| Land Assessment | $1,129,723 CAD | Total Assessment | $3,583,782 CAD |
Property Taxes
Parcel Number
0421-313-41
Land Assessment
$1,129,723 CAD
Improvements Assessment
$2,454,060 CAD
Total Assessment
$3,583,782 CAD
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2860 Lenwood Rd
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