32507 Paradise Way - Retail FOR SALE


Bakersfield, CA 93308- Outer NW Bakersfield
$3,250,000 USD
949-636-3961
32507 Paradise Way, Bakersfield, CA for Sale
$3,250,000 USD
Retail - FOR SALE
1/3
null | 8.25% Cap Rate

32507 Paradise Way
Bakersfield, CA 93308
Outer NW Bakersfield


HIGHLIGHTS

  • High Yield Investment – Offered at a strong 9% cap rate with diversified income streams
  • National Credit Tenant – Starbucks anchor with ~7+ years remaining and multiple renewal options
  • Value-Add Upside – Two additional leasable units provide opportunity to increase NOI
  • NNN Lease Structure – Tenants responsible for operating expenses, minimizing landlord involvement
  • Located in a growing Bakersfield market with consistent consumer and commuter traffic

OVERVIEW

4 Unit NNN investment Opportunity : Tenants include Starbucks, Subway and a restaurant tenant This is a high-yield, multi-tenant NNN retail investment opportunity located at 32507 Paradise Way, Bakersfield, CA, offered at $3,250,000 with an attractive 8.25% cap rate. The property consists of a ±6,477 SF retail building situated on ±0.77 acres and is currently configured for up to four tenants, with one additional leasing opportunities for upside potential. The asset is anchored by Starbucks, providing strong national credit tenancy, alongside additional tenants including Subway and a local restaurant operator. The diverse tenant mix offers stable in-place income while allowing investors to capture additional value through lease-up of vacant space. Each tenants operate under NNN lease structures, minimizing landlord responsibilities and creating a passive investment profile. The Starbucks lease features over 7 years of term remaining with multiple extension options, delivering long-term stability, while other tenants provide additional income and future rent growth through scheduled increases. Strategically positioned in Bakersfield—one of California’s fastest-growing logistics and population hubs—the property benefits from strong traffic patterns, expanding infrastructure, and a business-friendly environment, making it an ideal investment for both yield-focused and value-add investors.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$502 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bakersfield Travel Center Retail NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

073-320-16-00-2

ASK ABOUT THIS PROPERTY

Timothy HavesPetroleum Realty Group ®More Info
949-636-3961

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Timothy HavesPetroleum Realty Group ®More Info
949-636-3961

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