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Black Bear Diner 1530 E Main St 3,959 SF Retail Building Woodland, CA 95776 $1,487,815 ($375.81/SF) 6.50% Cap Rate

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Investment Highlights

Absolute NNN Lease Structure: The tenant is fully responsible for all operating expenses, including taxes, insurance, roof, and structure
Guaranteed by Elite Diners, LLC: The lease is backed by Elite Diners, LLC, an experienced multi-unit Black Bear Diner franchise
National Brand in Strong Trade Area: Black Bear Diner is a beloved family dining concept with 160+ locations across the western U.S.

Sub-5% Rent-to-Sales Ratio: The location generates substantial sales volume relative to its rent obligation. A rent-to-sales ratio below 5%
11% Bumps at Each Option Period: Each of the three 5-year renewal options carries an 11% rental increase, providing significant NOI growth
Fee Simple Land & Building Ownership: The investor acquires fee simple ownership of the land and building, no ground lease risk.

Executive Summary

Broker of Record
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

3,959 SF

Building Class

Year Built

1999

Price

$1,487,815

Price Per SF

$375.81

Cap Rate

6.50%

NOI

$96,708

Tenancy

Single

Building Height

1 Story

Building FAR

0.12

Lot Size

0.74 AC

Zoning

C-H

Parking

22 Spaces (5.56 Spaces per 1,000 SF Leased)

Frontage

587’ on Ca-113 Fwy

Freeway Visibility

Pylon Sign

Major Tenants

Accommodation and Food Services
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Founded in Mt. Shasta, California, in 1995, Black Bear Diner is a place where anyone can enjoy good food and good times in a place that feels like home. Black Bear Diner serves up hearty portions of classic house-made comfort food in the inviting atmosphere of a mountain cabin. And they've made so many friends along the way that the franchise has grown to 127 locations in 13 states and been consistently ranked as one of the smartest growing brands in the restaurant industry.