1901 White LnBakersfield, CA 93304

Property Details for 1901 White Ln

Year built

1995

Construction

WOOD

Lot size

0.95 AC

Property size (Sq ft)

6,978 SF

Zone code

C-2

Property type

Gas stations

APN

405-020-37-00-5

APU

40502037005

Description

This exceptional investment opportunity presents a newly constructed, 7-pump Kroger Fuel Center in Bakersfield, CA. The property boasts a 20-year absolute triple-net (NNN) ground lease with a credit-rated, corporate guarantee from The Kroger Co., the nation's largest supermarket chain by revenue. The lease commenced October 28, 2023, and features a substantial remaining term of approximately 18.9 years, extending to October 28, 2043. Rent increases by 10% every five years, ensuring consistent income growth. Situated on a 0.95-acre lot at 1901 White Ln, Bakersfield, CA 93304 (APN 405-020-37-00-5), this Class A property offers 7,054 square feet of space and benefits from a prime location along a major retail corridor with excellent co-tenancy. The property's strong financial performance is reflected in its 5.00% cap rate and a net operating income (NOI) of $150,000. Built in 2024, the fuel center achieved 100% occupancy on May 23, 2024, and offers a compelling price per square foot of $425.29. This is a rare opportunity to acquire a secure, high-performing investment with significant long-term potential in a thriving California market. The asking price is $3,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,924,677

  6.5%

  $2,699,702

  7%

  $2,506,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,343,880

  Geo Method

  $3,343,880

• Alternative Use

  Use

  Valuation

  Residential

  $2,277,300

  Hospitality

  $2,085,994

  Educational

  $1,735,523

  Medical

  $1,795,210

  Retail

  $2,699,702

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3173

Longitude

-119.024

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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