For Sale
$3,530,000

3505 Coffee Rd Bakersfield, CA 93308

High-Yield Retail Investment, Bakersfield CA

Overview

Added:
Dec 11, 2024
Days on market:
134
Exceptional investment opportunity in Bakersfield, CA, presents a 5,832 square foot shopping center boasting a 5.23% cap rate and a strong net operating income (NOI) of $184,600. This single-story, 2008-built property sits on a substantial 27,878 square foot lot and is currently 100% occupied by three established franchise tenants: FedEx Office, Flame Broiler restaurant, and Dickey's Barbecue Pit restaurant. The triple-net (NNN) lease structure minimizes landlord responsibilities, providing a passive income stream. The asking price is $3,530,000, translating to $605.28 per square foot. This property presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a desirable location. The property's strong tenant mix, long-term leases, and excellent location make it an ideal investment for both seasoned and new investors. The property's location in Bakersfield, Kern County, CA, at 3505 Coffee Rd, zip code 93308, offers high visibility and accessibility. The property's APN is 45101047008. This is a turnkey investment ready for immediate income generation.

Highlights

  • $3,530,000 asking price for this Bakersfield, CA shopping center.
  • 5,832 square foot retail property on a 27,878 square foot lot.
  • Triple-net (NNN) leased to three tenants: FedEx Office, Flame Broiler, and Dickey's Barbecue Pit.
  • 100% occupancy with a 5.23% cap rate and $184,600 net operating income (NOI).
  • Built in 2008, this single-story building offers a strong investment opportunity, potentially suitable for a 1031 exchange.

Property Details for 3505 Coffee Rd

Property type
Lifestyle centers, Power centers
Square Feet
5,832 SF
Year Built
2008
Buildings
1
Stories
1
Units
3

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.391565866702
Longitude
-119.09282009522

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, Bakersfield CA
Where is the lifestyle center located?
The property is located at 3505 Coffee Rd Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,530,000.
What are key features of this property?
This property features: $3,530,000 asking price for this Bakersfield, CA shopping center.; 5,832 square foot retail property on a 27,878 square foot lot.; Triple-net (NNN) leased to three tenants: FedEx Office, Flame Broiler, and Dickey's Barbecue Pit.
How can I contact the broker?
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3505 Coffee Rd
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