Sizzler Restaurant STNL Absolute NNN Lease California

Sands Investment Group is Pleased to Present Exclusively For Sale the Single Tenant Absolute NNN Sizzler Located at 2560 Mount Vernon Avenue in Bakersfield, California.

• Absolute Triple Net (NNN) Lease With No Landlord Responsibilities
• Below Market and Replaceable Rent – Rent Currently Under $2.01 PSF / Month
• Established Tenant That Has Remained in the Same Location For 20 Years
• Tenant Currently Paying Base Rent Of $129,768 Per Year Plus Additional $20,400 For Payback Of Reduced Rent During Pandemic Through Remainder Of Current Lease Term
• Potential Short Term Value Add Opportunity From Increase Of Rent A t Option Period And Future Reposition Opportunity
• 2 x 5 Year Options With Strong Rental Increases (Greater of 7% o r Market)
• Internet & Pandemic Resistant Tenant
• 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
• Employee Population o f Over 42,000 People Within a 3-Mile Radius
• Population Growth Expected By 2.8% Over Next 5 Years Within a 3-Mile Radius
• Signalized Intersection o f Mall View Road and Mt Vernon Avenue See 98,500 VPD
• Immediate Access Off Interstate 178 (59,239 VPD) and On and Off Ramp Visibility
• Nearby Tenants Include: Smart & Final, Chipotle, Burger King, Starbucks, Home Depot, Panda Express, Lowe’s, Walgreens, Big Lots, Walmart Supercenter and More

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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