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1044 Kern St
Taft, CA 93268
Albertsons | Bakersfield CA MSA | (NYSE: ACI) · Retail Property For Sale
Investment Highlights
- New 8-Year Extension | Corporate Guaranteed (NYSE: ACI)
- Grocery Anchor to Taft Hills Plaza (96K SF | 1.6M+ Annual Visits)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Built-In Consumer Base | Near Taft College | Bakersfield MSA
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: ACI), Albertsons investment property located in Taft, California (Bakersfield MSA). The tenant, Albertsons LLC, recently extended its lease 8-years with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor. The subject property has served as a grocery store since its opening in 1986. Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
43,056 SF
Building Class
B
Year Built/Renovated
1985/2003
Price
$7,442,114 CAD
Price Per SF
$172.85 CAD
Cap Rate
5.75%
NOI
$427,946 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
3.37 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
149 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Monument Signage
Property Taxes
| Parcel Number | 032-520-20-00-2 | Improvements Assessment | $5,688,641 CAD |
| Land Assessment | $211,212 CAD | Total Assessment | $5,899,853 CAD |
Property Taxes
Parcel Number
032-520-20-00-2
Land Assessment
$211,212 CAD
Improvements Assessment
$5,688,641 CAD
Total Assessment
$5,899,853 CAD
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