2400 White Ln - Fast Food FOR SALE


Bakersfield, CA 93304
$1,850,000 USD
310-880-7900
2400 White Ln, Bakersfield, CA for Sale
$1,850,000 USD
Fast Food - FOR SALE
1/9
null | 5% Cap Rate

2400 White Ln
Bakersfield, CA 93304


HIGHLIGHTS

  • Drive-thru Carl’s Jr - Corporately Guaranteed Absolute NNN Investment
  • Corner Retail Pad in front of 255k SF Grocery Anchored Shopping Center
  • Tenant Continues to Extend Lease due to Excellent Store Sales
  • 42k Cars/day Signalized Corner shared with Superior Grocers Supermarket, Starbucks, Burger King, Papa John’s and other National Tenants
  • 2 Blocks from 138k Cars/day Freeway with 6 On/Off Ramps
  • 4 Hotels within 1 Block Creates Heavy Demand for Convenient Food

OVERVIEW

2400 White Lane in Bakersfield, CA offers an investor an absolute NNN Investment, with no landlord responsibilities. Excellent location on a 42k cars/day signalized corner with convenient access to on & off ramps for a 138k cars/day freeway only 2 blocks away. With 4 hotels within a block, 7 schools within a mile and surrounded by national tenants, the location is exceptionally busy and ideal for fast food. Carl’s Jr has operated at the location since 1992 and keeps extending the lease due excellent store sales and their excellent Rent to Sales ratio. Carl’s Jr has 4 extension options of 5-years each with the current lease termination of August 2027. The extension options have no rent increases making it unlikely Carl’s Jr will ever give up the location, thus making this a very safe investment. If they ever leave there is huge upside in rental income.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$526 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Drive-thru Carl's Jr, 2 Blocks to Freeway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C2

APN/PARCEL ID

405-330-26-00-3

ASK ABOUT THIS PROPERTY

Karl NiehausCREIMore Info
310-880-7900

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Karl NiehausCREIMore Info
310-880-7900

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