Freestanding Restaurant on Corner
For Sale
Contact for pricing
39904 Big Bear Blvd, Big Bear Lake, CA 92315
Freestanding restaurant on a 0.55-acre corner lot, fully leased under a modified gross lease through December 2030.
Property Size3,650 SF
Lot Size0.55 Acres
Price / SF$342.47
Days on Market67
Property Features for 39904 Big Bear Blvd
General Information
Standard status
Active
Size
3,650 SF
Total Parking Spaces
30
Lot size
0.55 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$62,144
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1935
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield Los Angeles
Listed By:
Chris Maling · License #CA 01025809
(213) 618-3824
Source:
Crexi
Added: Jul 1
Changed: Aug 25
Last Checked: Sep 2 at 7:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Los Angeles
Investment Insights
Based on property information with market context.
This freestanding restaurant property is offered as an exclusive listing opportunity featuring a 3,650 SF building on a 0.55-acre corner lot. The site is fully leased to Country Kitchen, a family-style American restaurant brand established in 1939.
The lease is a newly executed Modified Gross structure with terms through December 2030 and includes two five-year renewal options. The property is located along Big Bear Blvd (SR-18), identified in the remarks as the primary commercial corridor through Big Bear Lake.
As presented, the asset is configured and operated as a restaurant with existing occupancy, supported by the current lease and extended renewal periods.
The lease is a newly executed Modified Gross structure with terms through December 2030 and includes two five-year renewal options. The property is located along Big Bear Blvd (SR-18), identified in the remarks as the primary commercial corridor through Big Bear Lake.
As presented, the asset is configured and operated as a restaurant with existing occupancy, supported by the current lease and extended renewal periods.
Key Highlights
- 3,650 SF freestanding restaurant built in 1935 on a 0.55‑acre corner lot
- Located on Big Bear Blvd (SR‑18), the primary commercial corridor through Big Bear Lake
- Fully leased to Country Kitchen, family‑style American restaurant brand established in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,398
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,960
$708.0K
Cap Rate 7%
$505,686
$505.7K
Cap Rate 9%
$393,311
$393.3K
Market Conditions
NOI Build-Up for 3,650 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.4K $13.80/SF
− Vacancy
−$3.2K −$0.87/SF
EGI
$47.2K $12.93/SF
− OpEx
−$11.8K −$3.23/SF
NOI
$35.4K $9.70/SF
Area
San Bernardino County, CA
Vacancy
6.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,960
Cap Rate 7%
$505,686
Cap Rate 9%
$393,311
Alternative Uses
Best Use
Specialty Retail
$505.7K
$442.5K – $590.0K
NOI $35,398 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.9K
$673.7K – $898.2K
NOI $53,894 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 92315, CA
5,148
Population
9,861
Households
0.5
Avg Household Size
51
Median Age
34%
College-Educated
92%
High-School Grad
29.4 sq mi
ZIP Area
175
Density / Sq Mi
$79,293
Median Household Income
$43,778
Median Earnings
$1,278
Median Rent
$538,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant on a 0.55-acre corner lot, fully leased under a modified gross lease through December 2030.
Where is this conventional restaurant located?
The property is located at 39904 Big Bear Blvd Big Bear Lake, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,650 SF freestanding restaurant built in 1935 on a 0.55‑acre corner lot; Located on Big Bear Blvd (SR‑18), the primary commercial corridor through Big Bear Lake; Fully leased to Country Kitchen, family‑style American restaurant brand established in 1939
