Mount Vernon Retail Center NNN Restaurant Strip California

Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,600 SF Mount Vernon Retail Center Located at 2630 Mount Vernon Avenue in Bakersfield, California.

LONG TERM INVESTMENT OPPORTUNITY

• All Tenants Signed a 10 Year Base Lease Term
• Approximately 7-8 Years Remaining on Each Lease
• New Construction Completed in 2017
• Strong 10% Rental Increases Every 5 Years (Next Increases Within 2-3 Years)
• Triple Net (NNN) Leases Featuring 4% Management Fees

HIGH QUALITY & INTERNET RESISTANT TENANTS

• 100% Restaurant Tenant Lineup – Amazon and Internet Resistant Tenants
• 38% of GLA Made Up of Chipotle (NYSE: CMG) Which Has Over 2,600 Locations
• Flame Broiler Has Over 180 Locations in California, Arizona, Florida, Nevada and Oklahoma
• Ono Hawaiian BBQ Currently Has Over 65 Locations in California and Arizona

HIGH BARRIERS TO ENTRY LOCATION

• Pad Building to 100% Leased Shopping Center Anchored By Smart & Final and Including Urbane Cafe & Sizzler
• Signalized Intersection of Mall View Road and Mt Vernon Avenue See 98,500 Vehicles Pass Through Daily
• Direct Frontage and Exposure with High Barriers to Entry – Four Points of Egress and Ingress
• Immediate Access Off Interstate 178 (59,239 VPD) and On and Off Ramp Visibility
• Pylon Signage Along Interstate 178

DOMINANT MARKET POSITION IN CALIFORNIA

• Densely Populated Area With Over 224,800 People Within a 5-Mile Radius
• Employee Population of Over 42,000 People Within a 3-Mile Radius
• Population Growth Expected By 2.8% Over Next 5 Years Within a 3-Mile Radius

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