For Sale
$2,971,000

2567 Commerce Pkwy Barstow, CA 92311

High-growth QSR, 15-year lease, CA

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a brand-new, 2,500-square-foot Freddy's Frozen Custard & Steakburgers restaurant located at 2567 Commerce Pkwy, Unit 1, Barstow, CA 92311. The property boasts a prominent location with high visibility along the heavily trafficked Interstate 15 Freeway South, benefiting from its proximity to other new developments, including a Starbucks. This single-tenant, absolute NNN (Triple Net) lease offers a secure investment with zero landlord responsibilities. The lease term is 15 years with a remaining term of 15 years, featuring 10% rental increases every five years, ensuring consistent and growing income. The property sits on a 43,560 square foot lot and was built in 2024. The asking price is $2,971,000, representing a price per square foot of $1,188.40 and a 5.25% cap rate. The current Net Operating Income (NOI) is $156,000, reflecting a 100% occupancy rate. This is a sale-leaseback operated by an experienced multi-franchisee with over 22 locations, further enhancing the investment's stability and potential. The property's APN is 0421-313-21-0000. This represents a compelling opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing QSR franchise. The tenant, Freddy's Frozen Custard, is ranked among the fastest-growing restaurant chains in the US, providing further confidence in the long-term viability of this investment.

Highlights

  • Brand new Freddy's Frozen Custard with a 15-year lease.
  • Part of a rapidly expanding franchise with over 510 locations, ranking among the nation's fastest-growing chains.
  • Experienced multi-unit franchisee operating the property.
  • Absolute NNN lease; no landlord responsibilities.
  • 10% rent increases every five years, including four ten-year option periods.

Property Details for 2567 Commerce Pkwy

Property type
Retail properties
Square Feet
2,500 SF
Year Built
2024

Location Insight

City
Barstow
County
San Bernardino
State
California
Latitude
34.856152
Longitude
-117.085518

FAQs

What type of property is this?
Retail property - High-growth QSR, 15-year lease, CA
Where is the retail property located?
The property is located at 2567 Commerce Pkwy Barstow, CA.
What is the asking price?
The asking price for this property is $2,971,000.
What are key features of this property?
This property features: Brand new Freddy's Frozen Custard with a 15-year lease.; Part of a rapidly expanding franchise with over 510 locations, ranking among the nation's fastest-growing chains.; Experienced multi-unit franchisee operating the property.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2567 Commerce Pkwy
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