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2617 Buck Owens Boulevard, Bakersfield, CA

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2617 Buck Owens Boulevard

Bakersfield, CA 93308 - Downtown Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing , Renov August 2016 Year Built:1980
Building Size:2,446 SF Land Area:.73 AC (31,995 SF)
For Sale Price:$2,298,000 Price/SF:$939.49
Cap Rate:4.20 %
Parking:Free Surface spaces are available
Features:Bus Line, Freeway Visibility, Drive Thru

Sale Notes:
* Brand New Long Term NNN Lease Starbucks drive-thru is on a long term 10 year NNN lease with three 5-year options to renew

* Recently Renovated Drive-Thru Starbucks (NASDAQ: SBUX) just opened in August 2016. The existing building and signage at this site underwent a nearly complete renovation, reducing future capital cost for landlord and tenant going forward

* Desirable Freeway Location Property benefits from ease of access from both Highway 99 and Highway 58 (220,000 and 55,000 cars per day, respectively), which provide convenient regional and local access for freeway travelers, with more than 1,330 hotel rooms in proximity

* Commercial Route Frontage Signage Excellent visibility and the significant freeway pylon signage along Highway 99 with more than 192 linear feet of frontage

* More than 298,800 people in a 5-mile radius
* Located in Bakersfield, CA

Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

John Read
(949) 725-8606

Jimmy Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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