820 China Lake Blvd Ridgecrest, CA 93555
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.
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Frosty Peaks Frozen Treats Bakery Take-out & Catering
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Chipotle Mexican Grill Restaurant
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Papa John's Pizza Restaurant
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Rent-A-Center Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.