Cap Rate
6.8%
Gross SQFT
4,400
Year Built
2002/2019
Term Remaining
±20 YRS
NOI
$153,680
Property Type
Retail
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
20-Year Sale Lease-back | Top Performing Store | Experienced Franchisee
- 20-Year Sale Lease-back with an experienced, multi-unit franchisee who operates across Southern California with proven success.
- Ranked top 90% percentile nationally per AlphaMaps.
- Single Tenant Denny’s investment opportunity featuring an absolute triple-net (NNN) lease, subject to 9% rental increases every 5 years, providing a strong hedge against inflation.
- The tenant is responsible for paying taxes, insurance, and maintenance, providing complete passive ownership.
High-Traffic Corridor | Prime Highway Location | 9th Largest City in California
- Positioned north of Highway 58 and Highway 184, reporting nearly ±55,000 vehicles per day, providing seamless connectivity to greater Bakersfield and surrounding regions, increasing customer traffic and visibility.
- This high-traffic location is near national retailers like Walmart, Jack in the Box, Starbucks, McDonald’s, Panda Express, Subway, Shell, Taco Bell, and Bolthouse Farms fostering strong retail synergy.
- Bakersfield is the 9th largest city in California with over 410,000 residents, which has increased nearly 4% in the last 5 years.
High-Profile Trade Area | High Density Demographics | Strong Employment Base
- Bakersfield has seen job growth of over 10% in the last five years, with continued expansion in logistics, energy, and healthcare sectors.
- Bakersfield is home to a $50+ billion diverse and growing economy, with key industries including agriculture, energy, logistics, healthcare, and manufacturing, contributing to economic stability.
- Major nearby employers include Kern Medical, Bakersfield College, and Bolthouse Farms, driving demand for retail and restaurant services.
Broker of Record
- David Harrington
- License No. 02168060 (CA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245