Bakersfield, CA 93308

AutoZone

Property Address

1125 Olive Drive, Bakersfield, CA, USA

Offering Summary

  • Price: $2,876,200
  • Lot Size: 0.72 Acres
  • Cap Rate: 5.0%
  • Year Built: 2013/2025
  • Building SF: 8,302
  • Status: Available
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  • Brand New 15-Year Lease - Significant Capital Invested by AutoZone for the Building's Renovation
  • Low, Replaceable Rent in California ($17.32 / SF)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • AutoZone Operates 7,500+ Locations Nationwide
  • Situated within Olive Drive Towne Center, Outparcel to Grocery Outlet, Dollar Tree, and Goodwill
  • Easily Accessible Location Immediately Off Golden State Highway, a Major North-South Highway Connecting Major California Cities (Los Angeles, San Diego, Sacramento, etc.)
  • Centrally Located within a 15-Minute Drive of Downtown Bakersfield, California State University Bakersfield, and Bakersfield College
  • Dense Bakersfield Infill - 213,616 Residents within a 5-Mile Radius

Broker Information