3100 Panama Ln
Bakersfield, CA 93313
Verizon Wireless | Hard Corner Location · Retail Property For Sale

CBRE and the Net Lease Property Group in Phoenix have exclusively listed this brand-new single-tenant Verizon Wireless at 3100 Panama Lane in Bakersfield, California (The “Property”). The Property is well located on a hard corner just west of the heavily traveled U.S. Route 99. The investment consists of a brand-new 10-year double-net (NN) lease with Verizon Wireless. The lease includes attractive 10% rental increases every five years in the initial term and throughout the two (2), five-year options. The Property is made up of ±2,408 rentable square feet on approximately 42,643 square feet of land. Verizon Wireless is the largest wireless telecommunications provider in the United States and offers wireless products and services. Cellular Sales was founded in Knoxville, Tennessee in 1993 by University of Tennessee graduates, Dan and Meg Scism. The company currently employs approximately 5,200 team members in over 700 retail locations in 41 states. The Property benefits from a hard corner location near a heavily traveled and highly populated area. Strategically located in one of the world’s largest economies, Bakersfield is a place where cutting-edge technological development is blended with a rich history of agriculture and oil production. Bakersfield is a regional hub that boasts a number of highly-recognized employers like Nestlé, State Farm Insurance, Aera Energy, Chevron, and Occidental Oil and Gas.