Huckleberry’s | Triple Net (NNN) Lease

$1,599,000

2673 Mount Vernon Avenue, Bakersfield, CA 93306

For Sale

Retail Restaurant

Active

Last Updated: 01/18/2021

Details:

Cap Rate: 6.38%

NOI: $102,000

Building Size: 5,587 sqft

Lot Area: 0.8 acres

Year Built: 1972

Price Per Sqft: $286.20

Year Last Renovated: 2003, 2020

Roof & Structure: Tenant’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Tenant’s Responsibility

Offered by

Danny Held

Sands Investment Group

#Lic. # 01946205

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Daniel Hoogesteger

Managing Director

Sands Investment Group

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Highlights:

Brand New 15 Year Triple Net (NNN) Lease With Minimal Landlord Responsibilities
Strong Rental Growth With 3% Annual Increases Beginning in 2023
Outparcel to a Busy Albertsons – Providing Habitual Traffic
Below Market and Replaceable Rent – Rent Currently Under $2.00 PSF/Month
Densely Populated Area With Over 219,984 People Within a 5-Mile Radius
Employee Population of Over 42,000 People Within a 3-Mile Radius
Huckleberry’s Has 17 Locations and Counting With an Average Rating of 4.4 Stars Out of 5 – Providing Proof of Concept
Guaranteed By an Experienced Franchisee With 10 Locations and Strong Financials – Provide Confidence in the Tenant
Extremely Rare Site With Visibility From California State Route 178, Which Sees Over 69,900 Vehicles Per Day
Situated Less Than 1-Mile to Bakersfield College
Nearby Tenants Include: Lowe’s, Home Depot, Taco Bell, McDonald’s, Target, Starbucks, Walmart Supercenter, Walgreens, Wendy’s, Chipotle, Big Lots and More

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale a 5,587 SF Huckleberry’s Located at 2673 Mount Vernon Avenue in Bakersfield, CA. This Deal Includes a Brand New 15 Year Triple Net (NNN) Lease With Minimal Landlord Responsibilities, Providing For a Great Investment.