Beautiful and well kept Thai cuisine standalone restaurant is for sale on a business highway in the heart of Mojave, California. Restaurant can seat about 60 people with many parking stalls on a lot size of: 35,284 sq. ft. Huge upside potential, the world renown company: Tesla is in the process of installing 12 Tesla charging stations on this property parking lot at: $150 per station, per month. Which this calculates to: $1,800 per month. Owner is hoping permitting of these installations will be finalized in April 2022. Then the owner will work on finalizing the design and easement with Southern California Edison. The inside scoop is that several Virgin Galactic corporate executives have been spotted eating at this restaurant. Current tenant is paying about: $2,900 per month which includes the $500 common area maintenance fee. This calculates to a: 3.4% capitalization rate. Gross Scheduled Income = $2,900 x 12 months = $34,800 per year. $34,800 - $3,480 (10%) Vacancy Factor = $31,320 Gross Operating Income. $31,320 - $3,132 (10%) Expenses Factor = $28,188 Net Operating Income. $28,188 /divided by/ $829,000 = 3.4% CAP Rate. Located in a magnificently beautiful area in Mojave with plentiful parking! The restaurant is on the northern side of Mojave, close to the Mojave Air and Space Port. Fronting on Highway 14 where it turns East towards Bishop and Mammoth, the restaurant is highly visible and makes a logical stopping point for those making the long trip to and from those winter and summer resorts. Several driveways make it easy to exit the highway. Tenant is Not aware of the sale, please be very discreet. Visit as a customer only, do not walk in the kitchen nor the back of the counter. Do not ask questions to anyone, thank you.
Listing Agent: Fernando Spindola Courtesy of: Platinum Real Estate Office phone: 562-698-4663 Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 4th October, 2022 6:16 AM (UTC)