Log In/Sign Up
Your email has been sent.
Albertsons | Bakersfield CA MSA | (NYSE: ACI) 1044 Kern St 43,056 SF Retail Building Taft, CA 93268 $5,391,000 ($125.21/SF) 5.75% Cap Rate
Investment Highlights
- New 8-Year Extension | Corporate Guaranteed (NYSE: ACI)
- Grocery Anchor to Taft Hills Plaza (96K SF | 1.6M+ Annual Visits)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Built-In Consumer Base | Near Taft College | Bakersfield MSA
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: ACI), Albertsons investment property located in Taft, California (Bakersfield MSA). The tenant, Albertsons LLC, recently extended its lease 8-years with 6 (5-year) options
to extend, demonstrating their commitment to the site. The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor. The subject property has served as a grocery store since its opening in 1986. Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California. The subject property boasts strong store sales (contact agent for details).
to extend, demonstrating their commitment to the site. The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor. The subject property has served as a grocery store since its opening in 1986. Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California. The subject property boasts strong store sales (contact agent for details).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
43,056 SF
Building Class
B
Year Built/Renovated
1985/2003
Price
$5,391,000
Price Per SF
$125.21
Cap Rate
5.75%
NOI
$310,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
3.37 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
149 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 032-520-20-00-2 | Improvements Assessment | $4,120,800 |
| Land Assessment | $153,000 | Total Assessment | $4,273,800 |
Property Taxes
Parcel Number
032-520-20-00-2
Land Assessment
$153,000
Improvements Assessment
$4,120,800
Total Assessment
$4,273,800
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Albertsons | Bakersfield CA MSA | (NYSE: ACI) | 1044 Kern St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.