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Dollar General Market - Bakersfield CA 258 Bernard St 18,827 SF Retail Building Bakersfield, CA 93305 $5,200,000 ($276.20/SF) 6.75% Cap Rate
Investment Highlights
- 13-Year Operating History | 2+ Years Remaining | Corporate Guaranteed | Options to Extend
- Dense Retail Corridor | Signalized, Hard Corner Intersection | High Traffic Counts | Excellent Visibility & Access
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Local Demographics In 5-mile Trade Area
Executive Summary
• Dollar General Market has operated at this location for 10 years and has 2+ years remaining on their current lease
• The lease offers three (5-year) options to extend, with 10% rental increases at the beginning of each option period
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,900 location as of October 31, 2025
• The lease offers three (5-year) options to extend, with 10% rental increases at the beginning of each option period
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,900 location as of October 31, 2025
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,827 SF
Building Class
B
Year Built/Renovated
1952/2013
Price
$5,200,000
Price Per SF
$276.20
Cap Rate
6.75%
NOI
$351,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
2.00 AC
Zoning
C-1 - Neighborhood Commercial
Parking
66 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 124-110-22-00-9 | Improvements Assessment | $459,000 |
| Land Assessment | $4,494,120 | Total Assessment | $4,953,120 |
Property Taxes
Parcel Number
124-110-22-00-9
Land Assessment
$4,494,120
Improvements Assessment
$459,000
Total Assessment
$4,953,120
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Dollar General Market - Bakersfield CA | 258 Bernard St
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