800 China Lake BlvdRidgecrest, CA 93555

Property Details for 800 China Lake Blvd

Year built

1987

Construction

WOOD

Lot size

3.30 AC

Property size (Sq ft)

36,774 SF

Zone code

GC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

396-500-04-00-3

APU

39650004003

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $13,585,576

  6.5%

  $12,540,532

  7%

  $11,644,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,298,614

  Geo Method

  $17,622,218

• Alternative Use

  Use

  Valuation

  Residential

  $10,578,408

  Hospitality

  $9,689,765

  Educational

  $8,061,770

  Medical

  $8,339,028

  Retail

  $12,540,532

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.6351

Longitude

-117.668

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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