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Investment Highlights

  • 87% Occupied, 83,988-Square-Foot Neighborhood Shopping Center with High-Quality National Anchors; Long-Term Historical Occupancy
  • Guitar Center (Top 2% Nationwide; Top 8% in California - Placer.ai)
  • Value-Add Opportunity: The asking price at a 7.00% cap rate is based entirely on in-place income
  • T.J. Maxx (NYSE: TJX; S&P; A; Investment Grade)
  • O’Reilly Auto Parts (NASDAQ: ORLY)
  • QSR Drive-Thru Pad Redevelopment: An alternative to leasing the vacant spaces

Executive Summary

Long-Term Historical Occupancy | Highway 99 Adjacent (156,500 CPD) | High-Traffic Ming Avenue Corridor (39,000 CPD)

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
83,998 SF
Building Class
B
Year Built
1982
Price
$17,040,000
Price Per SF
$202.86
Cap Rate
7%
NOI
$1,192,800
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
7.19 AC
Zoning
C-2
Parking
250 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
607’ on Ca-99 Fwy

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
  • -
  • Triple Net
  • -

Acceptance Insurance is a proud member of Confie, the largest personal lines agency in the U.S. They believe in investing in the communities they serve by offering affordable insurance solutions so their customers can have peace of mind. Their agents and team members uphold values, which include promoting excellence, responsibility and caring. Acceptance has been in business since 1969. They offer their services so they come to their clients to help find the solutions needed, regardless of background and driving record. They offer easy solutions to meet unique needs.

  • EGY Smoke Shop
  • Retailer
  • -
  • -
  • Triple Net
  • -
  • Exotic Nail Supply
  • Retailer
  • -
  • -
  • Triple Net
  • -
  • Retailer
  • -
  • -
  • -
  • -

Guitar Center is a company made up of musicians and music lovers. They're driven by their shared belief that music is the greatest unifying force in the world. And that idea fuels their mission to fill the world with music. To give people the tools they need to create and connect. To be seen and heard. And recently, to help and to heal. Music can stir the soul and change the frequency of the planet. So let's make some noise. Because the world needs to hear what you have to play. In 1959, as a world-changing, paradigm-shifting counterculture revolution was about to explode in America, Wayne Mitchell bought a small appliance and organ store in Hollywood, California. Seems like the end of the story, right? Not even close. Heading into the 21st century, The Guitar Center experienced incredible expansion. For example, in 1999, they purchased e-retailer Musician's Friend to offer a robust online option to musicians.

  • Limitless Barber Shop
  • Services
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • Triple Net
  • -
  • New York Beauty Salon
  • Services
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -
  • -

O’Reilly Automotive is a publicly traded automotive aftermarket parts retailer headquartered in Springfield, Missouri. Founded on December 2, 1957, by Charles F. O’Reilly and Charles H. “Chub” O’Reilly, the company began as a single store and has grown into one of the largest specialty retailers in its sector. O’Reilly serves both professional service providers and do-it-yourself customers through a dual-market strategy, offering parts, tools, and related services. The company operates more than 6,400 stores across the United States, Puerto Rico, Mexico, and Canada. O’Reilly Automotive trades on the NASDAQ under the ticker symbol ORLY and employs over 93,000 team members. Its growth has been driven by strategic acquisitions and a robust distribution network designed to ensure product availability and timely delivery.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Find the great tasting food you want at a price you can afford with Sakura Buffet, located in Bakersfield, Calif. They have been voted the top Chinese Restaurant in USA in 2008 and 2009 and over all Excellence Restaurant in U.S.A. 2009 and 2010. Their restaurant offers the largest and most elegant international buffet in town with Chinese, Japanese, Mexican and American Cuisine.

  • Retailer
  • -
  • -
  • -
  • -

The TJX Companies began in 1976 when a new off-price chain was developed to sell family apparel and home fashions, and T.J. Maxx opened its first stores in 1977. The company operates a broad off-price retail business centered on apparel, home fashions, and designer and brand-name merchandise sold at discounted prices through banners such as T.J. Maxx, Marshalls, HomeGoods, Homesense, and Sierra. TJX runs e-commerce sites in the U.S. and Europe, supporting a multi-channel retail model across North America, Europe, and Australia. Over time, the business expanded from its original T.J. Maxx concept into multiple retail banners that serve shoppers seeking changing assortments of apparel and home merchandise.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance - - Triple Net -
EGY Smoke Shop Retailer - - Triple Net -
Exotic Nail Supply Retailer - - Triple Net -
Retailer - - - -
Limitless Barber Shop Services - - - -
Retailer - - Triple Net -
New York Beauty Salon Services - - - -
Retailer - - - -
Accommodation and Food Services - - - -
Retailer - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3504
  • 2,027 SF
  • Restaurant
  • In-Line
  • Now

2nd generation restaurant space available! The space features a grease trap, hoods, gas line, and 3 compartment sink. Contact the broker for additional details.

  • B
  • 1,050 SF
  • Retail
  • In-Line
  • Now
  • D
  • 4,900 SF
  • Retail
  • Outparcel
  • Now
  • D
  • 6,000-10,900 SF
  • Retail
  • End Cap
  • Now

Up to 10,900 SF of total available space or can be split into 5,900 SF and 6,000 SF. Fronting Ming Avenue with high signage visibility.

Space Size Space Use Position Available
3504 2,027 SF Restaurant In-Line Now
B 1,050 SF Retail In-Line Now
D 4,900 SF Retail Outparcel Now
D 6,000-10,900 SF Retail End Cap Now

3504

Size
2,027 SF
Space Use
Restaurant
Position
In-Line
Available
Now

B

Size
1,050 SF
Space Use
Retail
Position
In-Line
Available
Now

D

Size
4,900 SF
Space Use
Retail
Position
Outparcel
Available
Now

D

Size
6,000-10,900 SF
Space Use
Retail
Position
End Cap
Available
Now

3504

Size 2,027 SF
Space Use Restaurant
Position In-Line
Available Now

2nd generation restaurant space available! The space features a grease trap, hoods, gas line, and 3 compartment sink. Contact the broker for additional details.

D

Size 6,000-10,900 SF
Space Use Retail
Position End Cap
Available Now

Up to 10,900 SF of total available space or can be split into 5,900 SF and 6,000 SF. Fronting Ming Avenue with high signage visibility.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Bank of America
Rent-A-Center
Texas Roadhouse
FoodMaxx
Chase Bank
Starbucks
Red Robin
Surf City Squeeze
Sarku Japan
Chuy's

Property Taxes

Property Taxes

Parcel Number
164-102-29-00-3
Land Assessment
$4,249,290
Improvements Assessment
$9,016,106
Total Assessment
$13,265,396
  • Listing ID: 40792521

  • Date on Market: 6/4/2026

  • Last Updated:

  • Address: 3412-3690 Ming Ave, Bakersfield, CA 93309

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