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AutoZone - New 15 Yr Land & Building Lease 1125 Olive Dr 8,302 SF Retail Building Bakersfield, CA 93308 $3,823,704 CAD ($460.58 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease - Significant Capital Invested by AutoZone for the Building's Renovation
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Situated within Olive Drive Towne Center, Outparcel to Grocery Outlet, Dollar Tree, and Goodwill
- Low, Replaceable Rent in California ($17.32 / SF)
- AutoZone Operates 7,500+ Locations Nationwide
- Easily Accessible Location Immediately Off Golden State Highway, a Major North-South Highway Connecting Major California Cities
EXECUTIVE SUMMARY
AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 7,500 stores in the US, Puerto Rico, Mexico, and Brazil.
The Bakersfield metro lies near the southern end of the San Joaquin Valley and encompasses all of Kern County. The city of Bakersfield, which is the county seat, contains roughly 396,000 residents, and is located just 80 miles from the Los Angeles metropolitan area.
The Bakersfield metro lies near the southern end of the San Joaquin Valley and encompasses all of Kern County. The city of Bakersfield, which is the county seat, contains roughly 396,000 residents, and is located just 80 miles from the Los Angeles metropolitan area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,302 SF
Building Class
B
Year Built/Renovated
2013/2025
Price
$3,823,704 CAD
Price Per SF
$460.58 CAD
Cap Rate
5.25%
NOI
$200,749 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
M-2
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,422,718 CAD | |
| Land Assessment | $169,736 CAD | Total Assessment | $2,592,454 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$169,736 CAD
Improvements Assessment
$2,422,718 CAD
Total Assessment
$2,592,454 CAD
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AutoZone - New 15 Yr Land & Building Lease | 1125 Olive Dr
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