For Sale
$13,297,000

7900 White Ln Bakersfield, CA 93309

High-Occupancy Retail Center, Bakersfield CA

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 37,089 square foot retail center in Bakersfield, CA, boasts 100% occupancy across 18 tenants, including Dollar Tree, Little Caesars, and H&R Block. Located at 7900 White Lane, 93309, this multi-tenant property is shadow-anchored by an Albertsons grocery store, ensuring high traffic and consistent demand. The property benefits from a strong mix of national and regional tenants, providing a secure investment with diverse income streams. Many tenants have below-market lease rates, presenting a significant value-add opportunity for future rent increases. The center enjoys a long-term operating history, with approximately 65% of the gross leasable area having been occupied for 13 years or more. Situated at a heavily trafficked intersection (approximately 65,000 cars per day), this center serves a dense trade area with over 270,000 residents within a 5-mile radius and an average household income exceeding $96,000 within 3 miles. The asking price is $13,297,000, translating to $358.52 per square foot. Rent bumps vary by tenant, offering potential for increased revenue. Lease options also vary. This property represents a compelling investment opportunity in a thriving Bakersfield market.

Highlights

  • 100% occupied, 37,089 SF retail center in Bakersfield, CA, shadow-anchored by Albertsons.
  • Strong mix of national and regional tenants, including Dollar Tree, Little Caesars, and H&R Block, providing diverse income streams.
  • Many tenants have below-market lease rates, offering significant value-add potential.
  • Strong rent growth potential with multiple tenants featuring annual rent increases.
  • Long-term operating history; 65% of GLA occupied for 13+ years.
  • High-traffic location (65,000 CPD) at a major intersection.

Property Details for 7900 White Ln

Property type
Lifestyle centers, Power centers
Square Feet
37,089 SF

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.3194132
Longitude
-119.0900815

FAQs

What type of property is this?
Lifestyle center - High-Occupancy Retail Center, Bakersfield CA
Where is the lifestyle center located?
The property is located at 7900 White Ln Bakersfield, CA.
What is the asking price?
The asking price for this property is $13,297,000.
What are key features of this property?
This property features: 100% occupied, 37,089 SF retail center in Bakersfield, CA, shadow-anchored by Albertsons.; Strong mix of national and regional tenants, including Dollar Tree, Little Caesars, and H&R Block, providing diverse income streams.; Many tenants have below-market lease rates, offering significant value-add potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7900 White Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message