16870 California 14

Mojave, CA 93501

Across from Motel 6 Crossing 58 Highway

Listing ID: 187254
$499,000
For Sale
  • 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
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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 Population5433,2664,016
Population Median Age383635
Population by Age0-9 Yrs82 (15%)600 (18%)785 (19%)
10-19 Yrs43 (7%)285 (8%)364 (9%)
20-29 Yrs98 (18%)617 (18%)728 (18%)
30-39 Yrs68 (12%)406 (12%)512 (12%)
40-49 Yrs71 (13%)384 (11%)443 (11%)
50-59 Yrs57 (10%)348 (10%)439 (10%)
60-69 Yrs69 (12%)345 (10%)402 (10%)
70+ Yrs54 (9%)281 (8%)343 (8%)
Median HH Income$23,978$24,433$24,487
Total Household Income< 24K112 (53%)633 (51%)766 (51%)
25-49K29 (13%)188 (15%)248 (16%)
50-74K27 (12%)169 (13%)198 (13%)
75-99K16 (7%)80 (6%)93 (6%)
100-199K26 (12%)158 (12%)184 (12%)
200K+0 (0%)1 (0%)3 (0%)
Highest Education LevelNo Diploma83425541
Diploma or GED123690829
Some College103641766
Assoc. Degree1790112
Bachelors Degree21131157
Higher Degree135459
Total Housing Units2571,4651,780
--Owner-Occupied57334433
--Renter-Occupied1528951,060
Owner-Occupied Values< 100K32185229
100-199K1283119
200-299K83442
300-399K53034
400-499K015
500K+015
Total Working Age Population4462,5373,045
In Work Force2431,3851,627
Not In Work Force2031,1521,418
Workforce Employed1861,0771,277
Workforce Unemployed58307350
Civlian Workforce2431,3851,627
Military Workforce000
Total Households2101,2291,493
Family Households136807987
Non-Family Households74422506
Married Couple74433534
Other Family62375453
Married w/Child1594120
Single Male w/Child45990
Single Female w/Child32187219

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Kern County661,645+27839,631+11928,308+141,062,325

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

Listing Location & Directions
Listing Agent
Fernando Spindola Agent Photo

Fernando Spindola

Excellence Real Estate
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