39904 Big Bear Boulevard, Big Bear Lake, CA 92315
This is an Absolute Net Lease, whereby the tenant is responsible for all maintenance, repairs, and capital improvements at the tenant’s cost. Attractively Priced at $1,650,000 or a 6% capitalization rate, with historic low interest rates, the investor has an opportunity to achieve over an 8% leverage return on their equity. Country Kitchen is a brand name franchised restaurant chain, located in several states. Country Kitchen serves breakfast, lunch, and dinner – known for it’s robust and hearty affordable meals. The owner of the subject property is the Southern California franchisee with currently 5 operating units, with plans for adding an additional until annually. The franchise group also owns and operates other brand name entities such as Taco Bell. All restaurants are profitable and no stores have ever closed. The Big Bear location is unique, with 8 hotel rooms nearly 100% rented at an average $160 per night. Rooms have been impeccably renovated with new HVAC. The Buildings have new roofs. The Kitchen all new equipment. The dining room very clean and cozy with an open Stone fireplace. The property is well located for persons looking for snow skiing, boating activities or visiting downtown. Country Kitchen is very successful and the asset is priced under $300 PSF (below replacement) value on a large parcel at an attractive 6% Cap Rate. Additional Land at the rear of the parking lot, plus the adjacent parcel with a newly renovated home for employee housing, can also be purchased.
This is an Absolute Net Lease, whereby the tenant is responsible for all maintenance, repairs, and capital improvements at the tenant’s cost. Attractively Priced at $1,650,000 or a 6% capitalization rate, with historic low interest rates, the investor has an opportunity to achieve over an 8% leverage return on their equity. Country Kitchen is a brand name franchised restaurant chain, located in several states. Country Kitchen serves breakfast, lunch, and dinner – known for it’s robust and hearty affordable meals. The owner of the subject property is the Southern California franchisee with currently 5 operating units, with plans for adding an additional until annually. The franchise group also owns and operates other brand name entities such as Taco Bell. All restaurants are profitable and no stores have ever closed. The Big Bear location is unique, with 8 hotel rooms nearly 100% rented at an average $160 per night. Rooms have been impeccably renovated with new HVAC. The Buildings have new roofs. The Kitchen all new equipment. The dining room very clean and cozy with an open Stone fireplace. The property is well located for persons looking for snow skiing, boating activities or visiting downtown. Country Kitchen is very successful and the asset is priced under $300 PSF (below replacement) value on a large parcel at an attractive 6% Cap Rate. Additional Land at the rear of the parking lot, plus the adjacent parcel with a newly renovated home for employee housing, can also be purchased.
