Urbane Cafe & Love Sushi | Bakersfield, CA
Sands Investment Group is Pleased to Present For Sale the Urbane Cafe & Love Sushi Multi Tenant NNN Restaurant Located in Bakersfield, California. 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 and Other Strong Retailers, This Investment Offers a Secure Investment With Strong Rent Growth and a Destination Location.
LONG TERM INVESTMENT OPPORTUNITY
- New Construction Completed in 2018
- Small Price Point – Ideal 1031 Opportunity
- Long Term Leases – Approximately 9 Years Remaining on Love Sushi and 6 Years Remaining on Urbane Cafe
- Strong Rental Increases Providing Hedge Against Inflation – Annual 2% Increases (Love Sushi) / 10% Every 5 Years (Urbane Cafe)
- Triple Net (NNN) Leases Featuring 4% Management Fees
HIGH BARRIERS TO ENTRY LOCATION
- Pad Building to 100% Leased Shopping Center
- Anchored By Smart & Final, Chipotle, Flame Broiler, Ono Hawaiian and More
HIGH QUALITY & INTERNET RESISTANT TENANT
- 100% Restaurant Tenant Line-Up, Amazon and Internet Resistant Tenants
- Urbane Cafe Has 23 Locations Across California
- Love Sushi is a Regional Family-Run Sushi Restaurant With Multiple Locations Within the Bakersfield Area
- Signalized Intersection of Mall View Road and Mt Vernon Avenue Which Sees 29,789 Vehicles Per Day
- Direct Frontage and Exposure With High Barriers to Entry – Four Points of Egress and Ingress
- Immediate Access Off Interstate 178 (47,206 VPD) With On and Off Ramp Visibility
- Pylon Signage Along Interstate 178
DOMINANT MARKET POSITION IN CALIFORNIA
- Densely Populated Area – Over 229,079 Residents Within a 5-Mile Radius
- Employee Population – Over 42,000 People Within a 3-Mile Radius
- Population Growth Expected By 2.8% Over the Next 5 Years Within a 3-Mile Radius
In Cooperation With Sands Investment Group, Inc Lic. # 01768950
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