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Valley Village Shopping Center 3412-3690 Ming Ave 83,998 SF 87% Leased Retail Building Bakersfield, CA 93309 $17,040,000 ($202.86/SF) 7% Cap Rate



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
Property Facts
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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
- -
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
- -
- -
- -
- -
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.
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.
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
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
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.
Nearby Major Retailers
Property Taxes
| Parcel Number | 164-102-29-00-3 | Improvements Assessment | $9,016,106 |
| Land Assessment | $4,249,290 | Total Assessment | $13,265,396 |
Property Taxes
Presented by
Valley Village Shopping Center | 3412-3690 Ming Ave
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