- Lot Size Acres 0.810
- Building Sq Ft 4,050
- Building Price per Sq Ft $123.21
- Land Sq Ft 35,283
- Land Price per Sq Ft $14.14
- NOI $2,839,803
- CAP Rate % 5.69
Description
Great location, near major shopping center anchor tenant is: Stater Brothers. Motel 6 Across Street & Others
Lease Amount per Month = $2,767.84 x 12 = $33,214.08 x 95% vacancy = $31,553.37 x 90% expenses = (NOI) $28,398.03 /divided/ $499,000 = 5.69% CAP Rate
Lease Expires on: 8-30-2021
Parking Stalls: About 32
Year Built: 1982
Zoning: M-2 PD FPS
Beautiful Thai cuisine standalone restaurant is for sale on a business highway in the heart of Mojave, CA. Restaurant can seat about 60 people with a ton of parking space. Current tenant is paying: $2,767.84 per month which includes the $500 CAM fee. During pandemic period the tenant's are doing good business at this location. Located in a magnificently beautiful area in Mojave with plentiful parking! The restaurant is on the northern side of Mojave, close to the Mojave Air and Space Port. Fronting on Highway 14 where it turns East towards Bishop and Mammoth, the restaurant is highly visible and makes a logical stopping point for those making the long trip to and from those winter and summer resorts. Several driveways make it easy to exit the highway.
SHOW INSTRUCTIONS: Be Very Discreet. Tenant's are not aware of the sale. Do Not speak with anyone of restaurant regarding sale. Absolutely NO showings of kitchen until middle of escrow.
Brokers: Submit your commission request before you send your offer or include it in your LOI.
Attachments & Files
Listing Demographics
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| 1-Mile | 3-Miles | 5-Miles | ||
|---|---|---|---|---|
| Total Population | 543 | 3,266 | 4,016 | |
| Population Median Age | 38 | 36 | 35 | |
| Population by Age | 0-9 Yrs | 82 (15%) | 600 (18%) | 785 (19%) |
| 10-19 Yrs | 43 (7%) | 285 (8%) | 364 (9%) | |
| 20-29 Yrs | 98 (18%) | 617 (18%) | 728 (18%) | |
| 30-39 Yrs | 68 (12%) | 406 (12%) | 512 (12%) | |
| 40-49 Yrs | 71 (13%) | 384 (11%) | 443 (11%) | |
| 50-59 Yrs | 57 (10%) | 348 (10%) | 439 (10%) | |
| 60-69 Yrs | 69 (12%) | 345 (10%) | 402 (10%) | |
| 70+ Yrs | 54 (9%) | 281 (8%) | 343 (8%) | |
| Median HH Income | $23,978 | $24,433 | $24,487 | |
| Total Household Income | < 24K | 112 (53%) | 633 (51%) | 766 (51%) |
| 25-49K | 29 (13%) | 188 (15%) | 248 (16%) | |
| 50-74K | 27 (12%) | 169 (13%) | 198 (13%) | |
| 75-99K | 16 (7%) | 80 (6%) | 93 (6%) | |
| 100-199K | 26 (12%) | 158 (12%) | 184 (12%) | |
| 200K+ | 0 (0%) | 1 (0%) | 3 (0%) | |
| Highest Education Level | No Diploma | 83 | 425 | 541 |
| Diploma or GED | 123 | 690 | 829 | |
| Some College | 103 | 641 | 766 | |
| Assoc. Degree | 17 | 90 | 112 | |
| Bachelors Degree | 21 | 131 | 157 | |
| Higher Degree | 13 | 54 | 59 | |
| Total Housing Units | 257 | 1,465 | 1,780 | |
| --Owner-Occupied | 57 | 334 | 433 | |
| --Renter-Occupied | 152 | 895 | 1,060 | |
| Owner-Occupied Values | < 100K | 32 | 185 | 229 |
| 100-199K | 12 | 83 | 119 | |
| 200-299K | 8 | 34 | 42 | |
| 300-399K | 5 | 30 | 34 | |
| 400-499K | 0 | 1 | 5 | |
| 500K+ | 0 | 1 | 5 | |
| Total Working Age Population | 446 | 2,537 | 3,045 | |
| In Work Force | 243 | 1,385 | 1,627 | |
| Not In Work Force | 203 | 1,152 | 1,418 | |
| Workforce Employed | 186 | 1,077 | 1,277 | |
| Workforce Unemployed | 58 | 307 | 350 | |
| Civlian Workforce | 243 | 1,385 | 1,627 | |
| Military Workforce | 0 | 0 | 0 | |
| Total Households | 210 | 1,229 | 1,493 | |
| Family Households | 136 | 807 | 987 | |
| Non-Family Households | 74 | 422 | 506 | |
| Married Couple | 74 | 433 | 534 | |
| Other Family | 62 | 375 | 453 | |
| Married w/Child | 15 | 94 | 120 | |
| Single Male w/Child | 4 | 59 | 90 | |
| Single Female w/Child | 32 | 187 | 219 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| California | 33,871,648 | +10 | 37,253,956 | +9 | 40,467,295 | +8 | 43,631,295 |
| Kern County | 661,645 | +27 | 839,631 | +11 | 928,308 | +14 | 1,062,325 |
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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
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