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Little Bear Plaza 40941 Big Bear Blvd 13,100 SF 80% Leased Retail Building Big Bear Lake, CA 92315 $2,650,001 ($202.29/SF) 5.81% Cap Rate



INVESTMENT HIGHLIGHTS
- Located on a highly visible corner lot in the Big Bear Lake resort community
- Ample surface parking on site
- Access from Big Bear Blvd and Alden Rd with heavy traffic
- Great investment opportunity with lease up
EXECUTIVE SUMMARY
This well-located retail property offers investors a prime opportunity in the heart of the four-season Big Bear Lake resort community. Positioned directly on Big Bear Boulevard, the asset benefits from excellent visibility, heavy year-round traffic, and consistent demand from residents and tourists. Abundant on-site parking, a strong tenant mix, and clear upside through lease-up of existing vacancy make this a compelling investment.
7.4 Cap once vacancy is leased. All leases are under market and are up for renewal in the next 12-24 months. Opportunity for a Buyer to come in and aggressively increase NOI by professional management and leasing.
7.4 Cap once vacancy is leased. All leases are under market and are up for renewal in the next 12-24 months. Opportunity for a Buyer to come in and aggressively increase NOI by professional management and leasing.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,100 SF
Building Class
C
Year Built
1979
Price
$2,650,001
Price Per SF
$202.29
Cap Rate
5.81%
NOI
$154,056
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.92 AC
Zoning
Commercial Visitor
Frontage
197’ on California 18
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0309-101-47 | Improvements Assessment | $1,419,909 |
| Land Assessment | $516,331 | Total Assessment | $1,936,240 |
PROPERTY TAXES
Parcel Number
0309-101-47
Land Assessment
$516,331
Improvements Assessment
$1,419,909
Total Assessment
$1,936,240
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Little Bear Plaza | 40941 Big Bear Blvd
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