916-462-6215
, Bakersfield, CA for Sale
Retail - FOR SALE
1/4
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Ming Around the Corner
Bakersfield, CA
Wible Orchard


HIGHLIGHTS

  • Proven & Resilient Grocery Anchor: Anchored by a successful FoodMaxx with a very low 4.24% occupancy cost, demonstrating exceptional profitability
  • Significant Value-Add Potential: Projected 4.12% NOI CAGR over 5 years driven by the lease-up of ±10,470 SF and redevelopment of the dark Walgreens
  • Strategic, High-Traffic Location: Positioned at a signalized intersection with combined traffic counts of ±45,000 vehicles per day
  • Dominant Tenancy in Primary Trade Area: Key tenants like BioLife and Stanton Optical are the sole locations in the market or wider area
  • Dense Infill Demographics: The trade area features a large, stable consumer base with over 141,000 residents within 3 miles

OVERVIEW

Ming Around the Corner is a ±132,469 SF value-add grocery-anchored shopping center in Bakersfield, California. Ideally positioned in one of Bakersfield’s most dominant retail corridors just off CA State Route 99, the property is surrounded by a dense trade area with over 141,000 residents and $1.4B in consumer spending within a three-mile radius. Ming Around the Corner is anchored by FoodMaxx, which has successfully operated at the site for over two decades. The center is further complemented by a diverse mix of national and daily-needs tenants, including BioLife Plasma Services, Skechers, Stanton Optical, and AT&T. Currently 92.1% leased, the property offers strong in-place cash flow with significant value-add potential through the lease-up of available suites and the repositioning of a dark, drive-thru Walgreens pad.

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Brian BollingerPalmer Capital, Inc.More Info
916-462-6215

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Brian BollingerPalmer Capital, Inc.More Info
916-462-6215

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