AutoZone | 3408 Union Ave
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AutoZone 3408 Union Ave
4,500 SF Retail Building Bakersfield, CA 93305 $1,872,000 ($416/SF) 5% Cap Rate
Investment Highlights
- The Tenant is committed to this located, having recently executed a new long-term lease with roughly thirteen (13) years remaining.
- AutoZone is located less than .02 miles from the largest hospital in the Bakersfield market.
- he Lease is guaranteed by AutoZone corporate, allowing for a long-term, stable income stream with investment grade credit (S&P – BBB+).
- The Subject Property is conveniently positioned along the hard corner of Union Ave. and Bernard St., which sees over 35,900 car per day.
- he Subject Property is ranked in the top 73% percentile of AutoZone’s nationwide (Source: Placer.ai).
- kersfield, CA boasts one of the strongest trade areas in Central California, with over 416,000 residents and an average household income of $67,633.
Executive Summary
Low-Rent 15-Year AutoZone Next to a Major Hospital | Bakersfield, CA
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
1978
Price
$1,872,000
Price Per SF
$416
Cap Rate
5%
NOI
$93,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.40 AC
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 124-172-22-00-1 | Improvements Assessment | $773,863 |
| Land Assessment | $216,098 | Total Assessment | $989,961 |
PROPERTY TAXES
Parcel Number
124-172-22-00-1
Land Assessment
$216,098
Improvements Assessment
$773,863
Total Assessment
$989,961
Contacts
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
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AutoZone | 3408 Union Ave
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