$6,431,048 USD
858-351-4027
2309 Niles Pt
Bakersfield, CA 93306
Outer East Bakersfield
HIGHLIGHTS
- Ideal Demographics: Bakersfield’s Hispanic population makes up 53.6% of residents, an ideal customer base for Vallarta’s specialty grocery format.
- Consistent, Passive Income Stream: The absolute NNN fee simple structure provides reliable, passive income with zero landlord responsibilities.
- High-Performing Location: This store ranks as the 14th best-performing Vallarta in the chain attracting an average of 40,677 monthly visitors.
- High-Visibility Location: Positioned at the intersection of Niles St and Mt Vernon Ave, a signalized intersection.
- Recession-Resistant Tenant: Vallarta Supermarkets, a leading regional grocer with 60+ California locations.
- First Time on Market in Nearly 15 Years: Tenant recently exercised a new 5-year lease extension, demonstrating commitment to the site.
FOR SALE DETAILS
PRICE
$6,431,048 USD
PRICE/SF
$295 USD /SF
CAP RATE
7.41%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Vallarta Supermarkets
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1967
SPRINKLERS
-
PARKING SPACES
106
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
137-541-02-00-7
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858-351-4027
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858-351-4027
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