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Taft Plaza 1048-1072 Kern St 24,741 SF 100% Leased Retail Building Taft, CA 93268 $3,900,000 ($157.63/SF) 7.65% Cap Rate
Investment Highlights
- Diverse Tenant Mix with Long-Term Commitments & New 2024 Leases
- Market-Dominant, Grocery-Anchored Center
- Active Leasing Momentum & Upside Potential
- High-Visibility Retail at an Attractive Price Point
- Recent Operational Enhancements Driving Value
- Strategic Location with Strong Economic Drivers
Executive Summary
Taft Plaza sits at the heart of Taft’s main retail corridor, anchored by Albertsons and surrounded by nationally recognized brands like Starbucks, AutoZone, and Jack in the Box. With a strong mix of long-tenured tenants, new leases recently signed, and strong grocery-driven traffic, the center continues to perform as Taft’s go-to daily-needs hub, backed by a diverse local economy and limited competing supply.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,741 SF
Building Class
C
Year Built
1986
Price
$3,900,000
Price Per SF
$157.63
Cap Rate
7.65%
NOI
$298,351
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
1.37 AC
Opportunity Zone
Yes
Zoning
GC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- China One Express
- Accommodation and Food Services
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| China One Express | Accommodation and Food Services | - | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 032-520-16-00-1 | Improvements Assessment | $868,734 |
| Land Assessment | $78,030 | Total Assessment | $946,764 |
Property Taxes
Parcel Number
032-520-16-00-1
Land Assessment
$78,030
Improvements Assessment
$868,734
Total Assessment
$946,764
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