3130 24th St - Convenience Store FOR SALE


Bakersfield, CA 93301- Riviera/Westchester
$3,751,500 USD
661-617-1850
3130 24th St, Bakersfield, CA for Sale
$3,751,500 USD
Convenience Store - FOR SALE
1/3
null | 5.25% Cap Rate

3130 24th St
Bakersfield, CA 93301
Riviera/Westchester


HIGHLIGHTS

  • 7-Eleven Convenience Store & 6-Pump Gas Station included in purchase
  • Long Term Passive Income Opportunity | 15-Year Triple Net (NNN) Lease with minimal landlord obligations
  • Stable Income Growth | Incorporates fixed 10% increases every 5-Years & in each of the Four, 5-Year Options
  • Signalized Hard Corner | Excellent visibility, high traffic counts (73,262 VPD approx.) & close proximity to freeway interchange (158,000 VPD approx.)

OVERVIEW

Offering an exceptional investment opportunity, this 7-Eleven situated at 3130 24th St., Bakersfield, CA 93309 boasts a prime location and impressive features. Strategically located in Bakersfield, a vibrant city with a growing economy, this property enjoys high visibility and accessibility. The 7-11 is leased under a Triple-Net (NNN) lease, with an original lease term of 15 years. With the lease commencement on August 4th, 2020, and an estimated expiration on August 3rd, 2035, there are 10 years remaining on the lease term, providing stability and consistent income.

FOR SALE DETAILS

PRICE

$3,751,500 USD

PRICE/SF

$1,617 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,729 SF

ZONING

C2

APN/PARCEL ID

001-310-05-00-2

ASK ABOUT THIS PROPERTY

Anthony OlivieriOlivieri Commercial GroupMore Info
661-617-1850

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Anthony OlivieriOlivieri Commercial GroupMore Info
661-617-1850

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