For Sale
$3,825,000

3130 24Th St Bakersfield, CA 93301

High-yield 7-Eleven, 12 years remaining

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a single-tenant, 7-Eleven gas station located at 3130 24th St, Bakersfield, CA 93301. The property boasts a prime location in a vibrant city with a growing economy, ensuring high visibility and accessibility. Built in 2020, this 2,320 square foot building sits on a 22,651 square foot lot. The property is leased under a Net-Net (NN) lease agreement with a national tenant, 7-Eleven, providing significant stability and consistent income. The current lease commenced on August 4th, 2020, and has an estimated expiration date of August 3rd, 2035, leaving 12 years remaining on the lease term. The asking price is $3,825,000, representing a price per square foot of $1,648.71 and a compelling 5.15% cap rate. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable market. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any investment portfolio. The single-story building offers a straightforward and easily managed investment. This is a turnkey operation with minimal operational involvement required for the investor. The property's location in Kern County, California, provides access to a large and growing customer base.

Highlights

  • $3,825,000 asking price for a 7-Eleven gas station in Bakersfield, CA.
  • NN lease with 12 years remaining.
  • 2,320 square feet on a 22,651 square foot lot.
  • 5.15% cap rate; $1,648.71 per square foot.
  • Built in 2020.

Property Details for 3130 24Th St

Property type
Retail properties, Gas stations
Square Feet
2,320 SF
Year Built
2020
Buildings
1
Stories
1

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.381113838978
Longitude
-119.03831505177

FAQs

What type of property is this?
Retail property - High-yield 7-Eleven, 12 years remaining
Where is the retail property located?
The property is located at 3130 24Th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,825,000.
What are key features of this property?
This property features: $3,825,000 asking price for a 7-Eleven gas station in Bakersfield, CA.; NN lease with 12 years remaining.; 2,320 square feet on a 22,651 square foot lot.
How can I contact the broker?
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3130 24Th St
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