501 6Th StTaft, CA 93268
- Healthcare properties
- 1,600 SF
Property Details for 501 6Th St
- Year built
- 1968
- Property size (Sq ft)
- 1,600 SF
- Property type
- Healthcare properties
- Property subtype
- Other retail properties
Description
This Taft, CA, commercial investment opportunity presents a free-standing, 1,660-square-foot building currently 100% occupied by Adventist Health under a gross lease. The property, located at 501 & 503 6th Street, consists of two contiguous units with separate utilities, totaling 1,660 square feet and zoned General Commercial (GC). Built in 1968, the Class C building boasts a 6.9% cap rate and a net operating income (NOI) of $17,254. The current lease expires April 30, 2026, following the tenant's exercise of an option to extend. Two additional lease extension options are available, each with a 2% annual rent increase. The asking price is $250,000, representing approximately $150 per square foot. This property offers a compelling passive investment opportunity with a strong, long-term tenant and a history of occupancy since 2008. The property's location is two blocks from Taft's main retail corridor on the corner of 6th and Lucard Streets. The APN is 031-260-12-00-7.
Location Insight
- City
- Taft
- County
- Kern
- State
- California
- Latitude
- 35.1443
- Longitude
- -119.459
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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