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IHOP 3252 Riverside Dr 5,034 SF Retail Building Bakersfield, CA 93308 $1,808,000 ($359.16/SF) 6.50% Cap Rate
Investment Highlights
- NN+ Lease with Minimal Landlord Responsibilities
- Rental Income with Percentage Rent Component
- Established Operating History
- Outparcel to La Quinta Hotel with Cross-Easements
Executive Summary
Surmount is pleased to present the exclusive listing for an IHOP located at 3252 Riverside Drive, Bakersfield, CA 93308. The site consists of roughly 5,034 rentable square feet of building space on an estimated .69-acre parcel of land. IHOP is subject to a 10-year NN+ lease, which commenced 5/1/2026. The current annual rent is $117,500 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,034 SF
Building Class
C
Year Built
1987
Price
$1,808,000
Price Per SF
$359.16
Cap Rate
6.50%
NOI
$117,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.69 AC
Zoning
C2
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 332-580-13-00-7 | Improvements Assessment | $477,543 |
| Land Assessment | $159,181 | Total Assessment | $636,724 |
Property Taxes
Parcel Number
332-580-13-00-7
Land Assessment
$159,181
Improvements Assessment
$477,543
Total Assessment
$636,724
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IHOP | 3252 Riverside Dr
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