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Urbane Cafe & Love Sushi 2658 Mount Vernon Ave

4,250 SF 100% Leased 4-Star Retail Building Bakersfield, CA 93306 £2,767,526 (£651/SF) 5.25% Net Initial Yield

Investment Highlights

  • New Construction Completed in 2018
  • Long Term Leases - Approximately 9 Years Remaining on Love Sushi and 6 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 anf 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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,250 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
£2,767,526
Price Per SF
£651
Net Initial Yield
5.25%
NOI
£145,276
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Lot Size
1.10 AC
Zoning
C-2 - Retail/Office/Medical.
Parking
46 Spaces

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
  • £33.52
  • NNN
  • Mar 2031
  • Urbane Cafe
  • Accommodation and Food Services
  • 1,990 SF
  • £35.21
  • NNN
  • Mar 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Love Sushi Accommodation and Food Services 1,992 SF £33.52 NNN Mar 2031
Urbane Cafe Accommodation and Food Services 1,990 SF £35.21 NNN Mar 2028

Links

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2658 Mount Vernon Ave, Bakersfield, CA - aerial map view
Walk Score ®
Very Walkable (75)
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Nearby Major Retailers

Ono Hawaiian BBQ
Flame Broiler
Sizzler
Smart & Final
Starbucks
Urbane Cafe
Burgerim
Bank of the Sierra
Denny's
BSE Rents

PROPERTY TAXES

Parcel Number 126-100-30-00-3 Improvements Assessment £488,787
Land Assessment £472,736 Total Assessment £961,523

PROPERTY TAXES

Parcel Number
126-100-30-00-3
Land Assessment
£472,736
Improvements Assessment
£488,787
Total Assessment
£961,523
(843) 310-3441

Contacts

  • Listing ID: 26247619

  • Date on Market: 25/07/2022

  • Last Updated:

  • Address: 2658 Mount Vernon Ave, Bakersfield, CA 93306

The Retail Property at 2658 Mount Vernon Ave, Bakersfield, CA 93306 is currently available for sale. Contact Sands Investment Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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2658 Mount Vernon Ave, Bakersfield, CA for sale Plat Map- Image 14 of 15
Plat Map

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© 2024 CoStar Group

Urbane Cafe & Love Sushi | 2658 Mount Vernon Ave
(843) 310-3441 x

Urbane Cafe & Love Sushi | 2658 Mount Vernon Ave

1/4

Ryan Sompayrac

(843) 310-3441

(843) 310-3441

Daniel Hoogesteger

(310) 853-1419

(310) 853-1419

Clifton McCrory

(540) 255-5496

(540) 255-5496

Chris Sands

(310) 870-3282

(310) 870-3282

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