3408 Union Ave - Freestanding FOR SALE
Bakersfield, CA 93305 |
$1,785,000 USD
818-259-0476
3408 Union Ave
Bakersfield, CA 93305
HIGHLIGHTS
- The Tenant is committed to this located, having recently executed a new long-term lease with roughly thirteen (13) years remaining.
- The Subject Property is conveniently positioned along the hard corner of Union Ave. and Bernard St., which sees over 35,900 car per day.
- AutoZone is located less than .02 miles from the largest hospital in the Bakersfield market.
- he Subject Property is ranked in the top 73% percentile of AutoZone’s nationwide (Source: Placer.ai).
- he Lease is guaranteed by AutoZone corporate, allowing for a long-term, stable income stream with investment grade credit (S&P – BBB+).
- kersfield, CA boasts one of the strongest trade areas in Central California, with over 416,000 residents and an average household income of $67,633.
FOR SALE DETAILS
PRICE
$1,785,000 USD
PRICE/SF
$399 USD /SF
CAP RATE
5.77%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.4 AC
LAND SF
17,424 SF
ZONING
-
APN/PARCEL ID
124-172-22-00-1
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818-259-0476
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818-259-0476
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