820 China Lake BlvdRidgecrest, CA 93555

Property Details for 820 China Lake Blvd

Year built

2024

Lot size

0.29 AC

Property size (Sq ft)

1,180 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story retail building in Ridgecrest, California. Located at 820 S China Lake Blvd, this property boasts a total of 3,580 net rentable square feet, housing two thriving tenants: Chipotle and Frosty Peaks. Both tenants operate under new 10-year NNN (Triple Net) leases, minimizing landlord responsibilities and maximizing passive income. The building, constructed in 2024, sits on a 0.29-acre lot and is classified as Class A. With a combined square footage ranging from 1,180 to 2,400 square feet per tenant, and 100% occupancy, this property offers immediate cash flow. The asking price is $2,755,000, representing a compelling 5.25% cap rate. This investment is further strengthened by the established brands of Chipotle and Frosty Peaks, known for their strong revenue and market capitalization. The property's location in Ridgecrest, Kern County, CA (zip code 93555) benefits from favorable market demographics. This is a rare chance to acquire a high-performing, low-maintenance retail investment with significant long-term potential. The limited landlord responsibilities inherent in the NNN lease structure make this an ideal addition to any diversified portfolio.

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.6103

Longitude

-117.67

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