Big Bear Lake, CA - Vacant Retail (Former Sizzler)

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 5,040 SF, single story, vacant former Sizzler property located in Big Bear Lake, California. The property is zoned C-2 - Commercial General, providing for areas within the community that are primarily retail and service business in character with related hotel, office, cultural, institutional, and public uses. These areas are intended to promote a harmonious development of business and professional retail areas with adjacent commercial or residential development. The site presents an excellent owner-user or lease-up opportunity in a highly desirable location. Built in 1980, the site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities.

The subject property is strategically located along Big Bear Blvd., which averages more than 31,500 vehicles passing by daily. The asset is a quick a 5-minute drive into downtown Big Bear Lake, making this an ideal, centralized location with easy commutes for both employees and customers. The property benefits from nearby on/off
ramp access onto State Hwy 38 (9,800 VPD), a major east/west traveling interstate. The asset is ideally located within a dense retail corridor with numerous surrounding national/credit tenants including Vons, CVS Pharmacy, Walgreens, Petco, Stater Bros, Dollar Tree, among many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the retail property is near numerous single-family communities and hotel complexes including Best Western Big Bear Chateau (80 rooms), Motel 6 Big Bear Lake (121 rooms), and others, providing a direct residential or consumer base from which the site can draw. The 5-mile trade area is supported by over 17,100 residents and 9,500 daytime employees. Residents in a one mile radius average a healthy annual household income of $104,812.