Black Bear Diner

Absolute NNN Lease Structure: The tenant is fully responsible for all operating expenses, including taxes, insurance, roof, and structure, delivering a truly passive, management-free investment. Ideal for 1031 exchange buyers seeking hands-off income.
Exceptional Rent Coverage: 4.86% Rent-to-Gross Sales: This location achieves the “Gold Standard” in rent coverage, providing a superior financial cushion to absorb market fluctuations and rising operational costs. This translates into a robust 5.30% Rent-to-Net Sales ratio, offering investors “fortress-level” rent coverage and ensuring long-term security.
Guaranteed by Elite Diners, LLC: The lease is backed by Elite Diners, LLC, an experienced multi-unit Black Bear Diner franchise operating ±18 locations. The location is Elite Diners, LLC first location. Multi-unit operators provide meaningfully stronger credit than single-unit tenants, supporting lease obligations across their portfolio.
11% Bumps at Each Option Period: Each of the three 5-year renewal options carries an 11% rental increase, providing significant NOI growth and inflation protection. By Option 3, NOI escalates to over $132,000 annually, a 37% increase from today’s base rent.
National Brand in Strong Trade Area: Black Bear Diner is a beloved family dining concept with 160+ locations across the western U.S. The Woodland, CA location benefits from proximity to Sacramento, UC Davis, and regional employment drivers along the city’s primary commercial corridor.
Fee Simple Land & Building Ownership: The investor acquires fee simple ownership of the land and building, no ground lease risk. The ±0.74-acre site on E Main Street offers long-term land value retention and future optionality in a supply-constrained California market.

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David Harrington