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Property profile & analytics
OFF-MARKET
Commercial real estate

820 China Lake Blvd Ridgecrest, CA 93555

1,180 SF 0.29 ac lot Built 2024
Entity Owned 3-yr Hold
Property ID
US09-5086325
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story retail building in Ridgecrest, California. Located at 820 S China Lake Blvd, this property boasts a total of 3,580 net rentable square feet, housing two thriving tenants: Chipotle and Frosty Peaks. Both tenants operate under new 10-year NNN (Triple Net) leases, minimizing landlord responsibilities and maximizing passive income. The building, constructed in 2024, sits on a 0.29-acre lot and is classified as Class A. With a combined square footage ranging from 1,180 to 2,400 square feet per tenant, and 100% occupancy, this property offers immediate cash flow. The asking price is $2,755,000, representing a compelling 5.25% cap rate. This investment is further strengthened by the established brands of Chipotle and Frosty Peaks, known for their strong revenue and market capitalization. The property's location in Ridgecrest, Kern County, CA (zip code 93555) benefits from favorable market demographics. This is a rare chance to acquire a high-performing, low-maintenance retail investment with significant long-term potential. The limited landlord responsibilities inherent in the NNN lease structure make this an ideal addition to any diversified portfolio.

Property profile
Verified
Property type Commercial real estate
Year built 2024
Total area 1,180 SF
Lot 0.29 ac (12,632 SF)
UPID US09-5086325
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Frosty Peaks Frozen Treats Bakery Take-out & Catering
  • Chipotle Mexican Grill Restaurant
  • Papa John's Pizza Restaurant
  • Rent-A-Center Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
G&l China Lake LLC · 3 yrs held
G&l China Lake LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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