1125 Olive Dr - Storefront FOR SALE


Bakersfield, CA 93308- Oildale
$2,876,200 USD
602-687-6766
1125 Olive Dr, Bakersfield, CA for Sale
$2,876,200 USD
Storefront - FOR SALE
1/3
null | 5% Cap Rate

1125 Olive Dr
Bakersfield, CA 93308
Oildale


HIGHLIGHTS

  • Brand New 15-Year Lease - Significant Capital Invested by AutoZone for the Building's Renovation
  • Low, Replaceable Rent in California ($17.32 / SF)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • AutoZone Operates 7,500+ Locations Nationwide
  • Situated within Olive Drive Towne Center, Outparcel to Grocery Outlet, Dollar Tree, and Goodwill
  • Easily Accessible Location Immediately Off Golden State Highway, a Major North-South Highway Connecting Major California Cities

OVERVIEW

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 7,500 stores in the US, Puerto Rico, Mexico, and Brazil. The Bakersfield metro lies near the southern end of the San Joaquin Valley and encompasses all of Kern County. The city of Bakersfield, which is the county seat, contains roughly 396,000 residents, and is located just 80 miles from the Los Angeles metropolitan area.

FOR SALE DETAILS

PRICE

$2,876,200 USD

PRICE/SF

$348 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone - New 15 Yr Land & Building Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

M-2

APN/PARCEL ID

116-200-05-00-7,116-200-11-00-4,116-200-12-00-7

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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