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Taco Bell 20yr NNN Ground Lease offering 2605 Hosking Ave 1,895 SF Retail Building Bakersfield, CA 93313 $2,696,663 CAD ($1,423.04 CAD/SF) 4.40% Cap Rate
INVESTMENT HIGHLIGHTS
- New Taco Bell / Corporate Guarantee / 20yr Lease / Aabsolute NNN / No Early Termination clause
- Signalized Hard Corner at new Hwy. 99 on/off ramp / 82,000ADT at Hwy 99 at Hosking Ave Interchange
- High Growth / SW Bakersfield Trade Area Location
- $85,000 annual NNN Income / 10% Increase May 2028
- New construction in 2023
- 70' Freeway Pylon signage
EXECUTIVE SUMMARY
* New Taco Bell 20yr Ground Lease w Corporate Guarantee
* $85,000 Annual NNN Income - 10% increase May 15, 2028
* New construction in 2023 with drive thru
* No Early Termination Right
* Signalized Hard Corner location at new Hwy 99 on/off ramp
* 70’ Freeway Pylon Sign
* High Traffic Location / Over 78,000ADT on Hwy 99 at Hosking Interchange
* High Growth / SW Bakersfield Trade Area location
* $85,000 Annual NNN Income - 10% increase May 15, 2028
* New construction in 2023 with drive thru
* No Early Termination Right
* Signalized Hard Corner location at new Hwy 99 on/off ramp
* 70’ Freeway Pylon Sign
* High Traffic Location / Over 78,000ADT on Hwy 99 at Hosking Interchange
* High Growth / SW Bakersfield Trade Area location
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
1,895 SF
Building Class
C
Year Built
2023
Price
$2,696,663 CAD
Price Per SF
$1,423.04 CAD
Cap Rate
4.40%
NOI
$118,653 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.62 AC
Zoning
C2-PD - C2 - PD provides for Retail Shopping Center w/in the City of Bakersfield
Frontage
137’ on Hosking Ave
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 514-900-01-00-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $247,806 CAD | Total Assessment | $247,806 CAD |
PROPERTY TAXES
Parcel Number
514-900-01-00-0
Land Assessment
$247,806 CAD
Improvements Assessment
$0 CAD
Total Assessment
$247,806 CAD
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Taco Bell 20yr NNN Ground Lease offering | 2605 Hosking Ave
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