1125 Olive Dr - Storefront FOR SALE


Bakersfield, CA 93308- Oildale
$2,740,000 USD
844-585-7682
1125 Olive Dr, Bakersfield, CA for Sale
$2,740,000 USD
Storefront - FOR SALE
1/6
null | 5.25% Cap Rate

1125 Olive Dr
Bakersfield, CA 93308
Oildale


HIGHLIGHTS

  • Single-Tenant AutoZone Pad To Grocery Outlet, Dollar Tree, And Goodwill
  • New 15-Year NNN Lease
  • 10% Increases Every 5 Years In The Initial Term And In Each Of The Four 5-Year Options
  • 2025 Renovation; New Silicone Roof Coating With 20-Year Transferable NDL Warranty
  • Low 2nd Generation Rent ($17.32/SF)
  • Investment-Grade National Tenant (NYSE: AZO; S&P: BBB) And Has Been A Fortune 500 Company For The Past 25+ Years

OVERVIEW

New 15-Year NNN Lease | Investment Grade Tenant (NYSE: AZO; S&P: BBB) | Low 2nd Generation Rent ($17.32 / SF)

FOR SALE DETAILS

PRICE

$2,740,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone | Bakersfield, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

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

Jeff LefkoHanley Investment GroupMore Info
844-585-7682

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Jeff LefkoHanley Investment GroupMore Info
844-585-7682

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