For Sale
$3,908,000

800 China Lake Blvd Ridgecrest, CA 93555

Two-tenant NNN lease, strong cap rate.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story retail building in Ridgecrest, California. Located at 800 S China Lake Blvd, this 0.4-acre property boasts two thriving quick-service restaurants (QSR) under long-term corporate leases: The Habit Burger Grill and Jersey Mike's Subs. The Habit occupies 2,800 square feet, while Jersey Mike's occupies 1,200 square feet, totaling approximately 4,000 square feet. Both tenants are operating under new 10 and 15-year NNN leases, minimizing landlord responsibilities. The property enjoys 100% occupancy and a strong 5.00% cap rate. Built in 2024, this Class A property benefits from a prime location in a vibrant market with favorable demographics. The combined annual revenue of the two tenants exceeds $1.376 billion, reflecting the strength and stability of this investment. This is a rare opportunity to acquire a high-performing, low-maintenance, multi-tenant NNN investment in a desirable California market. The asking price is $3,908,000.

Highlights

  • 2,800 SF Habit Burger Grill.
  • 1,200 SF Jersey Mike's Subs.
  • New 10- and 15-year corporate leases with Habit and Jersey Mike's; strong financial performance.
  • Triple-Net (NNN) lease; fee simple ownership; minimal landlord responsibilities.
  • Excellent location with strong market demographics.

Property Details for 800 China Lake Blvd

Property type
Retail properties
Square Feet
1,200 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
17,424 SF
Units
2

Location Insight

City
Ridgecrest
County
Kern
State
California
Latitude
35.6114923
Longitude
-117.6702468

FAQs

What type of property is this?
Retail property - Two-tenant NNN lease, strong cap rate.
Where is the retail property located?
The property is located at 800 China Lake Blvd Ridgecrest, CA.
What is the asking price?
The asking price for this property is $3,908,000.
What are key features of this property?
This property features: 2,800 SF Habit Burger Grill.; 1,200 SF Jersey Mike's Subs.; New 10- and 15-year corporate leases with Habit and Jersey Mike's; strong financial performance.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
800 China Lake Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message