7 Eleven | 3130 24th St
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7 Eleven 3130 24th St
2,320 SF Retail Building Bakersfield, CA 93301 $3,825,000 ($1,649/SF) 5.15% Cap Rate
Executive Summary
Offering an exceptional investment opportunity, this property situated at 3130 24th St., Bakersfield, CA 93309 boasts a prime location and impressive features. Strategically located in Bakersfield, a vibrant city with a growing economy, this property enjoys high visibility and accessibility. The property is leased under a Double-Net (NN) lease, with an original lease term of 15 years. With the lease commencement on August 4th, 2020, and an estimated expiration on August 3rd, 2035, there are 12 years remaining on the lease term, providing stability and consistent income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,320 SF
Building Class
B
Year Built
2020
Price
$3,825,000
Price Per SF
$1,649
Cap Rate
5.15%
NOI
$196,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.52 AC
Zoning
C2 - Commercial
Parking
18 Spaces
Frontage
99 FT on 24th Street
Amenities
- Signage
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 001-310-05-00-2 | Improvements Assessment | $826,130 |
Land Assessment | $727,273 | Total Assessment | $1,553,403 |
PROPERTY TAXES
Parcel Number
001-310-05-00-2
Land Assessment
$727,273
Improvements Assessment
$826,130
Total Assessment
$1,553,403
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7 Eleven | 3130 24th St
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