3252 Riverside Dr - Restaurant FOR SALE


Bakersfield, CA 93308- Oildale
$1,808,000 USD
818-632-9542
3252 Riverside Dr, Bakersfield, CA for Sale
$1,808,000 USD
Restaurant - FOR SALE
1/3
null | 6.5% Cap Rate

3252 Riverside Dr
Bakersfield, CA 93308
Oildale


HIGHLIGHTS

  • NN+ Lease with Minimal Landlord Responsibilities
  • Established Operating History
  • Rental Income with Percentage Rent Component
  • Outparcel to La Quinta Hotel with Cross-Easements

OVERVIEW

Surmount is pleased to present the exclusive listing for an IHOP located at 3252 Riverside Drive, Bakersfield, CA 93308. The site consists of roughly 5,034 rentable square feet of building space on an estimated .69-acre parcel of land. IHOP is subject to a 10-year NN+ lease, which commenced 5/1/2026. The current annual rent is $117,500 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,808,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C2

APN/PARCEL ID

332-580-13-00-7

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.