7701 White Ln - Storefront FOR SALE


Bakersfield, CA 93309- Venola
$15,089,000 USD
714-404-8849
7701 White Ln, Bakersfield, CA for Sale
$15,089,000 USD
Storefront - FOR SALE
1/10
null | 7% Cap Rate

7701 White Ln
Bakersfield, CA 93309
Venola


HIGHLIGHTS

  • 100% Leased Multi-Tenant Retail Center | NNN Leases
  • Prime Location | High Visibility and Traffic | Established Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in Lumberjack Square, a 100% leased, multi-tenant retail center located in Bakersfield, California. Anchored by Body Xchange and The Firehouse, the property features a diverse and e-commerce-resistant tenant lineup. Body Xchange recently signed a 5-year lease with an additional 5-year option to extend, underscoring its commitment to the site. The Firehouse, a prominent local entertainment hub, has operated at this location for over 20 years and recently extended its lease through 2028, with two additional 5-year options. Both leases include scheduled rental increases throughout the initial terms and at the beginning of each extension period, ensuring steady NOI growth and a hedge against inflation. All tenants have signed NNN leases, minimizing expense slippage for future ownership and ensuring low management responsibilities.

FOR SALE DETAILS

PRICE

$15,089,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

345

LAND DETAILS

CROSS STREETS

Cernan

LAND ACRES

7.3 AC

LAND SF

317,988 SF

ZONING

M-1

APN/PARCEL ID

385-013-05-00-5

ASK ABOUT THIS PROPERTY

Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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