2658 Mount Vernon Avenue Retail
  • Asking Price
    UnpricedAsking Price
  • Cap Rate
    5.25%Cap Rate
  • Price/SF
    $888.35Price/SF
  • Gross Leasable Area
    3,982 SFGross Leasable Area
  • Traffic Count
    29789Traffic Count
  • NOI
    $186KNOI

Description

Urbane Cafe & Love Sushi is a fully occupied two-tenant restaurant investment at 2658 Mount Vernon Avenue in Bakersfield. The approximately 3,982-square-foot property was completed in 2018 and sits on about 1.10 acres within a 100%-leased retail development anchored by Smart & Final Extra.

The tenant lineup combines Urbane Cafe, a multi-location California operator, with regional restaurant Love Sushi. Available broker materials identify triple-net lease structures and scheduled rent increases, including annual growth for Love Sushi and periodic increases for Urbane Cafe. Buyers should confirm the current rent schedule, remaining terms, options, and expense responsibilities during due diligence.

The property is positioned just south of Highway 178 near an off-ramp and benefits from access, visibility, and pylon or monument signage opportunities along Mount Vernon Avenue. Pricing is currently available from the listing team rather than publicly stated.

Offering Summary

  • Asking Price
    Unpriced
  • Price PSF
    $888.35
  • Price/Acre
    $3,215,455
  • Property Type
    Retail
  • Size
    3,982 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    2018
  • Total Acres
    ~1.10 ac

Sale Details

  • Cap Rate
    5.25%
  • NOI
    $185,668

Documents

Property Address

2658 Mount Vernon Avenue
Bakersfield, CA 93306

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    3,982 SF
  • Occupancy
    100%
  • Traffic Count
    29,789 AADT
  • Year Built
    2018
  • Acres
    1.10

Deal Team

Matt Haas profile image

Matt Haas

Vice President
Cypress Retail Group
CA RE Lic. CA DRE 01970296