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16870 State Highway 14 4,050 SF Retail Building Mojave, CA 93501 $1,079,000 ($266.42/SF) 5.02% Cap Rate
Investment Highlights
- High-Visibility Investment on Highway 14 – Prime standalone restaurant location along Mojave’s main business corridor with excellent exposure
- Established Restaurant Tenant – Long-term Thai restaurant tenant paying $3,650/month (including CAM) with 5% annual rent increases and two 5-year
- Strategic Location – Minutes from Mojave Air & Space Port and on the route to major destinations including Bishop and Mammoth Lakes — a popular res
- Tesla Charging Station Income – Tesla leases 20 charging stalls, paying $3,000/month with a long-term lease through October 31, 2031, plus two 5-yr
- Attractive Financials – Total annual scheduled income of $79,800 and a 5.02% CAP Rate on a $1,079,000 offering price.
- Strong Tenant Mix & Stability – Dual tenancy with a globally recognized brand (Tesla) and an established local restaurant ensures consistent incom
Executive Summary
A rare opportunity to own a turnkey investment property in the heart of Mojave, California! This beautifully maintained standalone Thai cuisine restaurant is located along the highly trafficked Highway 14 — a strategic stop for travelers heading to iconic California destinations like Bishop and Mammoth. The property features a reliable income stream with a stable tenant, Tesla-installed infrastructure, and long-term growth potential.
Positioned on a large 35,284 sq. ft. lot with ample parking and unbeatable visibility, this investment delivers a strong 5.02% CAP rate and future upside through lease escalations and option periods. Ideal for 1031 exchanges or passive income investors seeking stable returns with premium frontage. * Buyer & Agent to verify all information.
Positioned on a large 35,284 sq. ft. lot with ample parking and unbeatable visibility, this investment delivers a strong 5.02% CAP rate and future upside through lease escalations and option periods. Ideal for 1031 exchanges or passive income investors seeking stable returns with premium frontage. * Buyer & Agent to verify all information.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$77,220
|
$19.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,722
|
$1.91
|
| Effective Gross Income |
$69,498
|
$17.16
|
| Taxes |
$5,400
|
$1.33
|
| Operating Expenses |
$2,200
|
$0.54
|
| Total Expenses |
$7,600
|
$1.88
|
| Net Operating Income |
$61,898
|
$15.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $77,220 |
| Annual Per SF | $19.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,722 |
| Annual Per SF | $1.91 |
| Effective Gross Income | |
|---|---|
| Annual | $69,498 |
| Annual Per SF | $17.16 |
| Taxes | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $1.33 |
| Operating Expenses | |
|---|---|
| Annual | $2,200 |
| Annual Per SF | $0.54 |
| Total Expenses | |
|---|---|
| Annual | $7,600 |
| Annual Per SF | $1.88 |
| Net Operating Income | |
|---|---|
| Annual | $61,898 |
| Annual Per SF | $15.28 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,050 SF
Building Class
C
Year Built
1982
Price
$1,079,000
Price Per SF
$266.42
Cap Rate
5.02%
NOI
$54,166
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
M-2 PD FPS - Light Industrial
Parking
35 Spaces (8.64 Spaces per 1,000 SF Leased)
Frontage
64’ on State Highway 14
Amenities
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Best Restaurant
- Retailer
- -
- $11.40
- Triple Net
- Jan 2017
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Best Restaurant | Retailer | - | $11.40 | Triple Net | Jan 2017 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 236-060-23-00-4 | Total Assessment | $642,979 |
| Land Assessment | $42,059 | Annual Taxes | $5,400 ($1.33/SF) |
| Improvements Assessment | $600,920 | Tax Year | 2025 |
Property Taxes
Parcel Number
236-060-23-00-4
Land Assessment
$42,059
Improvements Assessment
$600,920
Total Assessment
$642,979
Annual Taxes
$5,400 ($1.33/SF)
Tax Year
2025
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16870 State Highway 14