320 Bear Mountain Blvd Arvin, CA 93203
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 320 Bear Mountain Blvd
- Year built
- 2024
- Property size
- 2,000 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a newly constructed, single-tenant, triple-net leased Starbucks Drive-Thru in Arvin, California. The property boasts a 2,000 square foot building on an 8,276 square foot lot, situated at 320 Bear Mountain Blvd, Arvin, CA 93203. The property features a 30-year lease (commencing October 1, 2023, and expiring September 30, 2053), offering a remaining term of approximately 28.9 years. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The current annual net operating income (NOI) is $145,000, resulting in a 5.18% cap rate and a price per square foot of $1,400. The asking price for this exceptional investment is $2,800,000. The property is 100% occupied by Starbucks, a globally recognized brand with a corporate guarantee. This drive-thru-only location benefits from its strategic placement near other national brands such as Taco Bell, Subway, and Chevron, ensuring high visibility and strong foot traffic. The property is zoned for commercial use and was built in 2024. The lease structure is a 10-year lease with four 5-year renewal options. This is a truly remarkable opportunity to acquire a high-performing, low-maintenance investment property backed by a financially stable and reputable tenant. The property's location is further enhanced by the proximity to a new college campus, promising continued growth and increased customer traffic in the future. This is a turnkey investment with a strong tenant and a compelling financial profile.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arvin
- County
- Kern
- State
- California
- Longitude
- -118.828
- Latitude
- 35.2092
