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River Rock Plaza 3505 Coffee Rd 5,832 SF 100% Leased Retail Building Bakersfield, CA 93308 $3,390,000 ($581.28/SF) 5.45% Cap Rate
Investment Highlights
- 3 Franchise tenants: FedEx office, Flame Broiler restaurant, Dickey's Barbeque Pit restaurant
- NNN lease
- Good investment
- CAP rate 5.25%, Price $3,530,000
- Built in 2,008, building size 5,832 sf, Lot size 27,878 sf
Executive Summary
PRICE REDUCED!!!
3 Franchise tenants of NNN investment property for sale in Bakersfield!!!
CAP rate: 5.5% PRICE: $3,390,000
Tenants: FedEx office/printing, Flame Broiler Restaurant and Dickey's Barbeque Pit Restaurant
Built in year 2,008, Long term lease, Building size 5,832 sf, Lot size 27,878 sf
Good price/ Good location/ Good investment/ Food opportunity/ Good for the buyer looking for 1031 exchange property!!!
3 Franchise tenants of NNN investment property for sale in Bakersfield!!!
CAP rate: 5.5% PRICE: $3,390,000
Tenants: FedEx office/printing, Flame Broiler Restaurant and Dickey's Barbeque Pit Restaurant
Built in year 2,008, Long term lease, Building size 5,832 sf, Lot size 27,878 sf
Good price/ Good location/ Good investment/ Food opportunity/ Good for the buyer looking for 1031 exchange property!!!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,832 SF
Building Class
C
Year Built
2007
Price
$3,390,000
Price Per SF
$581.28
Cap Rate
5.45%
NOI
$184,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.64 AC
Zoning
C-2
Parking
73 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
170’ on Coffee Rd
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 451-010-47-00-8 | Improvements Assessment | $2,295,530 |
| Land Assessment | $486,742 | Total Assessment | $2,782,272 |
Property Taxes
Parcel Number
451-010-47-00-8
Land Assessment
$486,742
Improvements Assessment
$2,295,530
Total Assessment
$2,782,272
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River Rock Plaza | 3505 Coffee Rd