1044 Kern St - Storefront FOR SALE


Taft, CA 93268
$5,391,000 USD
949-903-8099
1044 Kern St, Taft, CA for Sale
$5,391,000 USD
Storefront - FOR SALE
1/9
null | 5.75% Cap Rate

1044 Kern St
Taft, CA 93268


HIGHLIGHTS

  • New 8-Year Extension | Corporate Guaranteed (NYSE: ACI)
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Grocery Anchor to Taft Hills Plaza (96K SF | 1.6M+ Annual Visits)
  • Built-In Consumer Base | Near Taft College | Bakersfield MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: ACI), Albertsons investment property located in Taft, California (Bakersfield MSA). The tenant, Albertsons LLC, recently extended its lease 8-years with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor. The subject property has served as a grocery store since its opening in 1986. Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California. The subject property boasts strong store sales (contact agent for details).

FOR SALE DETAILS

PRICE

$5,391,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Albertsons | Bakersfield CA MSA | (NYSE: ACI)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

149

LAND DETAILS

LAND ACRES

3.37 AC

LAND SF

146,797 SF

ZONING

GC

APN/PARCEL ID

032-520-20-00-2

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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