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The Habit Burger & Jersey Mikes 850 S China Lake Blvd

4,000 SF 100% Leased 4-Star Retail Building Ridgecrest, CA 93555 £3,057,815 (£764/SF) 5% Net Initial Yield

Investment Highlights

  • New 10 and 15 Year Mike's and Habit Corporate Leases | Revenues Over $974 M (Jersey Mikes) and $402 M (Habit) | Market Cap Over $290 M (Habit).
  • Strong Market and Demographics.
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities.
  • Ideal, minimal-management investment for a passive investor.

Executive Summary

Two Tenant NNN Lease Investment Opportunity at Oasis Shopping Center.
The Habit - Building 100: +/-2,800 SF
Jersey Mikes - Building 110: +/-1,200 SF

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
£3,057,815
Price Per SF
£764
Net Initial Yield
5%
NOI
£152,891
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Lot Size
0.61 AC
Zoning
C-2 - Neighborhood Commercial

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Jersey Mikes
  • Retailer
  • 99,999 SF
  • -
  • -
  • The Habit
  • Retailer
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Jersey Mikes Retailer 99,999 SF - -
The Habit Retailer 99,999 SF - -
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Nearby Major Retailers

Starbucks
Albertsons
Dutch Bros
Denny's
Grocery Outlet
Ww (weight Watchers)
U.S. Bank

PROPERTY TAXES

Parcel Number 080-540-04-00-3 Improvements Assessment £0
Land Assessment £920,915 Total Assessment £920,915

PROPERTY TAXES

Parcel Number
080-540-04-00-3
Land Assessment
£920,915
Improvements Assessment
£0
Total Assessment
£920,915
(661) 631-3807

Contacts

  • Listing ID: 31610975

  • Date on Market: 25/04/2024

  • Last Updated:

  • Address: 850 S China Lake Blvd, Ridgecrest, CA 93555

The Retail Property at 850 S China Lake Blvd, Ridgecrest, CA 93555 is currently available for sale. Contact Colliers for more information.

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Connect with us

© 2024 CoStar Group

The Habit Burger & Jersey Mikes | 850 S China Lake Blvd
(661) 631-3807 x

The Habit Burger & Jersey Mikes | 850 S China Lake Blvd

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JJ Woods

(661) 631-3807

(661) 631-3807

Garret Tuckness

(661) 319-2040

(661) 319-2040

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