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39904 Big Bear Blvd 3,650 SF Retail Building Big Bear Lake, CA 92315 $1,770,600 CAD ($485.10 CAD/SF) 5% Cap Rate
Executive Summary
Cushman & Wakefield, Retail Capital Markets is pleased to present the exclusive opportunity to acquire Country Kitchen at 39904 Big Bear Blvd, Big Bear Lake, California — a 3,650 SF freestanding restaurant investment on a 0.55-acre corner lot along SR-18, the primary commercial corridor through Big Bear Lake. Offered at $1,250,000 (5.0% cap rate / $342/SF), the property is fully leased under a newly executed Modified Gross lease through December 2030 with two five-year renewal options extending through 2040 and automatic 5% rent escalations every two years. Big Bear Lake is a four-season resort destination drawing 22,500+ peak daily visitors to Big Bear Mountain Resort, the lake, and surrounding recreation areas. The limited supply of full-service dining at 6,752-foot elevation gives Country Kitchen — an 85+ year American dining brand with 54+ U.S. locations — a durable competitive moat. The sub-$1.5M price point and minimal landlord obligations under the Modified Gross structure make this an ideal 1031 exchange target for passive income investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,650 SF
Building Class
C
Year Built/Renovated
1935/2019
Price
$1,770,600 CAD
Price Per SF
$485.10 CAD
Cap Rate
5%
NOI
$88,530 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.55 AC
Zoning
Commercial - Restaurant and Lodging
Parking
30 Spaces (8.22 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Air Conditioning
- Smoke Detector
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0307-192-34 | Improvements Assessment | $1,589,290 CAD |
| Land Assessment | $433,443 CAD | Total Assessment | $2,022,733 CAD |
Property Taxes
Parcel Number
0307-192-34
Land Assessment
$433,443 CAD
Improvements Assessment
$1,589,290 CAD
Total Assessment
$2,022,733 CAD
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39904 Big Bear Blvd
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