Bakersfield Restaurant Property for Sale

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION

OFFERING SUMMARY: 2400 White Lane in Bakersfield, CA offers an investor an absolute NNN Investment, with no landlord responsibilities. Excellent location on a 42k cars/day signalized corner with convenient access to on & off ramps for a 138k cars/day freeway only 2 blocks away. With 4 hotels within a block, 7 schools within a mile and surrounded by national tenants, the location is exceptionally busy and ideal for fast food. Carl’s Jr has operated at the location since 1992 and keeps extending the lease due excellent store sales and their excellent Rent to Sales ratio. Carl’s Jr has 4 extension options of 5-years each with the current lease termination of August 2027. The extension options have no rent increases making it unlikely Carl’s Jr will ever give up the location, thus making this a very safe investment. If they ever leave there is huge upside in rental income.

DEMOGRAPHICS: Bakersfield is one of the fastest growing cities in California and is currently the 9th largest city in the state. Population of over 282k within 5 miles with a household average income of $71k which is ideal for fast food businesses.

PRICE: $1,900,000 – 4.6% Cap Rate – Lease Expiration August 2027 with 4 x 5 Year Extension Options

Karl Niehaus Founder & CEO - Commercial Real Estate Broker - DRE# 01450751 (310) 880-7900 KarlNiehaus@CREI.biz