1629 California Ave - Convenience Store FOR SALE


Bakersfield, CA 93304
$4,886,000 USD
949-230-1487
1629 California Ave, Bakersfield, CA for Sale
$4,886,000 USD
Convenience Store - FOR SALE
1/10
null | 4.85% Cap Rate

1629 California Ave
Bakersfield, CA 93304


HIGHLIGHTS

  • New Construction 15-Year Corporate 7-Eleven Gas Station & C-Store
  • Absolute NNN | Zero Landlord Responsibilities | Fee Simple Ownership | Accelerated Bonus Depreciation
  • High Traffic 50,500 CPD Intersection | Direct Freeway Access | Excellent Visibility & Access
  • High Density Demographics | 9th Largest City in California
  • Downtown Bakersfield Location | 5.3 million SF of Office Space
  • Oil, Natural Gas, Renewable Energy, Agriculture Economy

OVERVIEW

• New 15-year lease with 4 (5-year) option periods to extend • Corporate Guaranty – 7-Eleven, Inc., the largest retailer in the world with an A credit rating from Standard & Poor’s • 10% rental increases every 5 years • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Ideal, management-free investment for a passive investor • Fee simple ownership of a convenience store qualifies for accelerated depreciation

FOR SALE DETAILS

PRICE

$4,886,000 USD

PRICE/SF

$1,029 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | New 15yr Corp Abs NNN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C-1

APN/PARCEL ID

009-011-12-00-8

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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