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Village at the Oaks - Bakersfield, CA 7900 White Ln

37,089 SF 100% Leased Retail Building Bakersfield, CA 93309 $13,297,000 ($359/SF) 6% Cap Rate

Investment Highlights

  • Destination Location Shadow Anchored By Albertsons Grocery Store (NAP)
  • 100% Occupied Center Featuring 37,089 SF Leased to 15 Tenants With Low Historical Vacancy
  • Significant Number of Tenants Have Below Market Lease Rates, Providing Potential Value Add in the Future
  • Strong Mix of National & Regional Tenants Providing Security to New Investor Thru Credit, Tenant Synergy & Diversity
  • Southwest Bakersfield Experiencing Significant Growth and Ranks as One California's Hottest Home Markets of 2023 (Realtor.com)
  • Strong Rent Growth - Multiple Tenants Feature Rare Annual Rental Increasing, Providing a Strong Hedge Against Inflation

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale a 37,089 SF Village at the Oaks Located at 7900 White Lane in Bakersfield, CA. This Deal Includes a 100% Occupied - Essential "Daily Needs" Grocery Shadow-Anchored Neighborhood Center, Providing For a Secured Investment.

In Cooperation With Sands Investment Group, Inc - Lic. #1768950

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
37,089 SF
Building Class
B
Year Built
1990
Price
$13,297,000
Price Per SF
$359
Cap Rate
6%
NOI
$797,833
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
3.00 AC
Zoning
C2
Parking
65 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
1,785 FT on Gosford Rd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Baskin Robbins
  • Retailer
  • 900 SF
  • -
  • Triple Net
  • Mar 2039
  • CC Amulet Management
  • Retailer
  • 3,208 SF
  • -
  • Triple Net
  • Nov 2027
  • Dollar Tree
  • Retailer
  • 11,050 SF
  • -
  • Double Net
  • Feb 2027
  • H&R Block
  • Retailer
  • 1,788 SF
  • -
  • Triple Net
  • Apr 2025
  • House of Smoke
  • Retailer
  • 900 SF
  • -
  • Triple Net
  • Oct 2028
  • Little Caesars
  • Accommodation and Food Services
  • 1,151 SF
  • -
  • Triple Net
  • Feb 2027
  • Maria Moniz (Uppercut)
  • Retailer
  • 1,200 SF
  • -
  • Triple Net
  • -
  • Mongold Chiro
  • Retailer
  • 1,600 SF
  • -
  • Triple Net
  • -
  • Self Serve Pet Spa
  • Retailer
  • 3,494 SF
  • -
  • Triple Net
  • Jan 2033
  • Travelers Tattoo
  • Retailer
  • 1,200 SF
  • -
  • Triple Net
  • Sep 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Baskin Robbins Retailer 900 SF - Triple Net Mar 2039
CC Amulet Management Retailer 3,208 SF - Triple Net Nov 2027
Dollar Tree Retailer 11,050 SF - Double Net Feb 2027
H&R Block Retailer 1,788 SF - Triple Net Apr 2025
House of Smoke Retailer 900 SF - Triple Net Oct 2028
Little Caesars Accommodation and Food Services 1,151 SF - Triple Net Feb 2027
Maria Moniz (Uppercut) Retailer 1,200 SF - Triple Net -
Mongold Chiro Retailer 1,600 SF - Triple Net -
Self Serve Pet Spa Retailer 3,494 SF - Triple Net Jan 2033
Travelers Tattoo Retailer 1,200 SF - Triple Net Sep 2028
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Denny's
Flame Broiler
Mechanics Bank
Starbucks
Albertsons
Farmer Boys
Chase Bank
FoodMaxx
Grocery Outlet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
385-430-05-00-6
Land Assessment
$2,373,396
Improvements Assessment
$5,217,139
Total Assessment
$7,590,535
  • Listing ID: 31529449

  • Date on Market: 4/17/2024

  • Last Updated:

  • Address: 7900 White Ln, Bakersfield, CA 93309

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