Country Kitchen Restaurant and 8 Room Hotel | 39904 Big Bear Blvd
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Country Kitchen Restaurant and 8 Room Hotel 39904 Big Bear Blvd
3,500 SF Retail Building Big Bear Lake, CA 92315 $2,717,380 CAD ($776 CAD/SF) 5.77% Cap Rate
Investment Highlights
- Absolute NNN with 10+years Single Tenant Lease / 5.77 % CAP / Every 5 years 10% rent increase
- Excellent Visibility Central Location directly on HWY 18
- Big Bear is the most visited Mountain in Southern California for Winter and Summer Vacations!
Executive Summary
In 2019 everything was fully overhauled and beautifully renovated. That included structural, electrical, plumbing, walls, flooring, windows etc. even brand-new interior Fire Sprinkler system, as per current building codes. Absolute NNN Lease in place for the next 10+ years. Single Tenant pays the Property Tax, All Insurance Cost and all Maintenance cost. Property Insurance/Liability and Workers Comp Insurances are all current, up to date and active! Zero Owner Responsibility/passive Income. 5.77% CAP Rate. Buildings sit on over 1/2 acre and there are plenty of parking spots (approx.30, big plus as there is parking scarcity on Big Bear Mountain and Big Bear Lake) Fantastic Visibility and very easy access because the property is located directly on the Main Road (HWY 18 / Big Bear Blvd.) Close to all attractions! Walking distance and view of Big Bear Lake. Great Investment opportunity in this Southern California Darling Vacation Spot: "Big Bear Lake and Big Bear Mountain Summer and Winter Vacation Destination" Fully running Restaurant (famous USA Country Kitchen Franchise) with over 20 dining tables, big Kitchen, cellar for cooler and storage, and Mini Hotel with a total of 8 Guest Rooms and 10 Bathrooms. Most visited Ski Location in Southern California. Big Bear has approx. 3M+ annual visitors and approximately $30M are spent annually on Food and Beverages. Approx. $450M annually spent on general tourism and lodging on this famous S. California Tourist Destination.
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Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,500 SF
Building Class
C
Year Built/Renovated
1935/2019
Price
$2,717,380 CAD
Price Per SF
$776 CAD
Cap Rate
5.77%
NOI
$156,739 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.55 AC
Zoning
Commercial - Restaurant and Lodging
Parking
30 Spaces (8.57 Spaces per 1,000 SF Leased)
Frontage
175 ft on Big Bear Blvd
Amenities
- Restaurant
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 0307-192-34 | Improvements Assessment | $515,884 CAD |
| Land Assessment | $581,419 CAD | Total Assessment | $1,097,303 CAD |
PROPERTY TAXES
Parcel Number
0307-192-34
Land Assessment
$581,419 CAD
Improvements Assessment
$515,884 CAD
Total Assessment
$1,097,303 CAD
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Country Kitchen Restaurant and 8 Room Hotel | 39904 Big Bear Blvd
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