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201 S China Lake Blvd 1,640 SF Retail Building Ridgecrest, CA 93555 $2,100,000 ($1,280.49/SF) 4.62% Cap Rate
Executive Summary
Offered for sale is the opportunity to acquire triple net leases KFC in Kern County, California. The property consists of a 1,620 -square-foot, freestanding buildings that sit on 0.40 acres (17,424) of land. There are around 13 years remaining on the current lease term with 10% every 5 years rental increases, and four 5 years option to extend.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,640 SF
Building Class
B
Year Built
2022
Price
$2,100,000
Price Per SF
$1,280.49
Cap Rate
4.62%
NOI
$97,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.40 AC
Zoning
PM
Parking
23 Spaces (14.02 Spaces per 1,000 SF Leased)
Frontage
88’ on South China Lake Boulevar
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 1,640 SF
- -
- Triple Net
- Dec 2037
KFC began in 1952 when Colonel Harland Sanders expanded a fried chicken recipe into the first Kentucky Fried Chicken franchise in Utah, building on earlier work in Kentucky. The company now operates as a global chicken restaurant brand and a subsidiary of Yum! Brands, with a menu centred on fried chicken, chicken sandwiches, tenders, bowls, sides and beverages. KFC's business spans restaurant operations, franchising, digital ordering and brand marketing across a wide international network. The company continues to focus on fried chicken as its core offer while adapting menus for local markets and supporting community programmes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,640 SF | - | Triple Net | Dec 2037 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 478-102-05-00-1 | Improvements Assessment | $2,117,109 |
| Land Assessment | $275,914 | Total Assessment | $2,393,023 |
Property Taxes
Parcel Number
478-102-05-00-1
Land Assessment
$275,914
Improvements Assessment
$2,117,109
Total Assessment
$2,393,023
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201 S China Lake Blvd