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Love Sushi, Urbane Cafe
2658 Mount Vernon Avenue Bakersfield, CA 93306
Sands Investment Group is Pleased to Present For Sale the Urbane Cafe & Love Sushi Multi Tenant NNN Restaurant Located in Bakersfield, California. This Opportunity Includes Two, High-Quality Internet & Recession-Resistant Tenants With Long-Term Leases. Urbane Cafe Features 10% Increases Every 5 Years and Love Sushi Has Rare 2% Annual Increases Providing a Strong Hedge Against Inflation. Adjacent to a High-Performing Smart & Final Grocery and Other Strong Retailers, This Investment Offers a Secure Investment With Strong Rent Growth and a Destination Location.
LONG TERM INVESTMENT OPPORTUNITY
- New Construction Completed in 2018
- Small Price Point – Ideal 1031 Opportunity
- Long Term Leases – Approximately 9 Years Remaining on Love Sushi and 6 Years Remaining on Urbane Cafe
- Strong Rental Increases Providing Hedge Against Inflation – Annual 2% Increases (Love Sushi) / 10% Every 5 Years (Urbane Cafe)
- Triple Net (NNN) Leases Featuring 4% Management Fees
HIGH BARRIERS TO ENTRY LOCATION
- Pad Building to 100% Leased Shopping Center
- Anchored By Smart & Final, Chipotle, Flame Broiler, Ono Hawaiian and More
HIGH QUALITY & INTERNET RESISTANT TENANT
- 100% Restaurant Tenant Line-Up, Amazon and Internet Resistant Tenants
- Urbane Cafe Has 23 Locations Across California
- Love Sushi is a Regional Family-Run Sushi Restaurant With Multiple Locations Within the Bakersfield Area
- Signalized Intersection of Mall View Road and Mt Vernon Avenue Which Sees 29,789 Vehicles Per Day
- Direct Frontage and Exposure With High Barriers to Entry – Four Points of Egress and Ingress
- Immediate Access Off Interstate 178 (47,206 VPD) With On and Off Ramp Visibility
- Pylon Signage Along Interstate 178
DOMINANT MARKET POSITION IN CALIFORNIA
- Densely Populated Area – Over 229,079 Residents Within a 5-Mile Radius
- Employee Population – Over 42,000 People Within a 3-Mile Radius
- Population Growth Expected By 2.8% Over the Next 5 Years Within a 3-Mile Radius
In Cooperation With Sands Investment Group, Inc Lic. # 01768950
Love Sushi, Urbane Cafe
2658 Mount Vernon Avenue Bakersfield, CA 93306
The Urbane Cafe restaurants are proud to offer unique, high-quality meals. It all started in 2003 when owner Tom Holt realized there was a missing niche in the Ventura restaurant scene. He wanted a great sandwich and salad – something different, while still being dedicated to delicious tasting food. He understood that every great sandwich starts with the freshest of bread, so he designed the cafe around a hearth oven. Working with his friend Pete, they came up with a bread recipe that was soft, delicious and baked right in front of your eyes. It didn’t stop there though, he created a menu centered around locally sourced ingredients, house-roasted meats, and crafted sauces to give each creation its own unique flavor.
One can visit Urbane Cafe for lunch or dinner and discover a fast, affordable restaurant serving delicious gourmet sandwiches and fresh, healthy salads. Our mission is to “Make People Happy” and that starts with our team. We do this by building an organization where people are inspired to better their lives and the lives of others – where a manager’s smile spreads to our team, our guests, our community, and the world. Our passion is to have our guests walk out happy every time and keep them coming back for more.
Similar Listings
Price
$3,537,000
Cap Rate
5.25%
PREMISES
3,982 Acres
RENEWAL OPTIONS
2 x 5 Years
Lease Expiration
Varies
Lease Type
NNN
RENTAL INCREASES
Varies
BROKERS
Chris Sands
Bob Haas
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
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This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
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