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3500 Stine Rd
Bakersfield, CA 93309
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease – no landlord maintenance responsibilities, Strong store sales performance (contact broker for details)
- Low Rent, $6.83 PSF – provides replacement rental protection, Lease Comps in the immediate area average $11.26 PSF
- Limited Competition – no National Pharmacies located within 1.5 miles of the subject property
- Corporate Guarantee, CVS Health Corporation (NYSE: CVS) – Investment Grade Credit Tenant (BBB+ S&P) – $193.9 billion in revenue for 2018
- Large Lot size & Store format, 2.22 acres of land & 25,739 SF. Compares favorably when compared with average new construction locations, 1.8 acres & 1
- High Traffic Location - Over 34,350 cars per day at the hard-corner, signalized Intersection of Stine Road (one of the main north/south thoroughfares)
Property Facts
Property Type
Retail
Property Subtype
Building Size
25,739 SF
Building Class
B
Year Built
1983
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.22 AC
Zoning
PCD - Commercial
Parking
83 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
204’ on Stine Road
Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 403-020-12-00-8 | Improvements Assessment | $1,786,012 |
| Land Assessment | $1,677,769 | Total Assessment | $3,463,781 |
Property Taxes
Parcel Number
403-020-12-00-8
Land Assessment
$1,677,769
Improvements Assessment
$1,786,012
Total Assessment
$3,463,781
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