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Executive Summary

For the LoopNet Sales Notes, focus on the story, income potential, location, and unique opportunity. Since you're packaging the restaurant, building, and cabin, I'd position it as a rare hospitality investment.
Sample Sales Notes:
Thelma's Restaurant – Established Restaurant, Real Estate & Guest Cabin Portfolio
Rare opportunity to acquire a well-known mountain hospitality property featuring Thelma's Restaurant, the restaurant real estate, and an additional cabin on-site. This unique offering presents multiple potential income streams and flexibility for investors, owner-users, or hospitality operators seeking a destination property in a highly desirable mountain community.
The restaurant has long served locals and visitors alike, benefiting from strong visibility, established recognition, and a loyal customer base. The spacious restaurant building offers ample dining areas, commercial kitchen facilities, and operational infrastructure, creating an opportunity for continued restaurant operations or future concept redevelopment.
Included in the offering is a separate cabin, providing additional value and potential for owner occupancy, employee housing, long-term rental income, short-term rental use (subject to local regulations), or expanded hospitality operations.
The property's location benefits from year-round tourism, outdoor recreation, seasonal visitors, and local community support. Nearby attractions, mountain activities, hiking, fishing, and recreational opportunities help drive consistent traffic throughout the year.
Investment highlights include:
• Established restaurant location with community recognition
• Real estate included in sale
• Separate cabin included in portfolio
• Multiple potential income streams
• Opportunity for owner-user or investor
• Strong tourism and recreation-driven market
• Potential for hospitality, lodging, dining, or mixed-use operation
• Unique mountain destination setting
• Rare portfolio acquisition opportunity
Whether continuing the existing restaurant operation, repositioning the assets, or creating an expanded hospitality concept, this portfolio offers a compelling combination of real estate, business potential, and mountain lifestyle appeal.
Buyer to independently verify all information, zoning, permitted uses, and short-term rental regulations.

Taxes & Operating Expenses (Actual - 2025)

Annual
Gross Rental Income $846,000
Other Income -
Vacancy Loss -
Effective Gross Income $846,000
Taxes $21,000
Operating Expenses $61,505
Total Expenses $82,505
Net Operating Income $763,495

Taxes & Operating Expenses (Actual - 2025)

Gross Rental Income
Annual $846,000
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $846,000
Taxes
Annual $21,000
Operating Expenses
Annual $61,505
Total Expenses
Annual $82,505
Net Operating Income
Annual $763,495

Property Facts

Price $1,710,000
Price / SF $651.18 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 10.23%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 1
Total Building Size 2,626 SF
Total Land Area 0.83 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
337 W Big Bear Blvd, Big Bear City, CA 92314 Retail 2,626 SF 1940 $700,000
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  • Listing ID: 40839388

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: Thelma's Restaurant Hospitality, Big Bear City, CA

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