7-Eleven | New 15yr Corp Abs NNN w/ Increases | 1629 California Ave
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7-Eleven | New 15yr Corp Abs NNN w/ Increases 1629 California Ave
4,750 SF Retail Building Bakersfield, CA 93304 $4,886,000 ($1,029/SF) 4.85% Cap Rate
Investment Highlights
- New Construction 15-Year Corporate 7-Eleven Gas Station & C-Store
- High Traffic 50,500 CPD Intersection | Direct Freeway Access | Excellent Visibility & Access
- Downtown Bakersfield Location | 5.3 million SF of Office Space
- Absolute NNN | Zero Landlord Responsibilities | Fee Simple Ownership | Accelerated Bonus Depreciation
- High Density Demographics | 9th Largest City in California
- Oil, Natural Gas, Renewable Energy, Agriculture Economy
Executive Summary
• New 15-year lease with 4 (5-year) option periods to extend
• Corporate Guaranty – 7-Eleven, Inc., the largest retailer in the world with an A credit rating from Standard & Poor’s
• 10% rental increases every 5 years
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Fee simple ownership of a convenience store qualifies for accelerated depreciation
• Corporate Guaranty – 7-Eleven, Inc., the largest retailer in the world with an A credit rating from Standard & Poor’s
• 10% rental increases every 5 years
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Fee simple ownership of a convenience store qualifies for accelerated depreciation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,750 SF
Building Class
B
Year Built
2024
Price
$4,886,000
Price Per SF
$1,029
Cap Rate
4.85%
NOI
$237,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
C-1 - Neighborhood Commercial
Parking
12 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- 7-Eleven
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| 7-Eleven | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
1 of 10
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7-Eleven | New 15yr Corp Abs NNN w/ Increases | 1629 California Ave
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