Grocery-Anchored Shopping Center Inline
For Sale
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1012 1048 & 1092 Kern St Portfolio, Taft, CA 93268
In-line retail shops inside a grocery-anchored center with a newly extended Albertsons.
Property Size24,741 SF
Price / SF$157.63
Days on Market99
Property Features for 1012 1048 & 1092 Kern St Portfolio
General Information
Standard status
Active
Size
24,741 SF
Property subtype
RETAIL
Additional Details
Anchor Co-Tenants
Albertsons
Building Details
Tenancy
Multi
Listing Agency:
Monarch Commercial Advisors
(925) 744-5217
Listed By:
Dave Lucas · License #01389761
(415) 269-8969
Source:
Moodyscre
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monarch Commercial Advisors
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Investment Insights
Based on property information with market context.
This shopping center features in-line shops within a grocery anchored retail center, including a newly extended Albertsons. The property is presented as a portfolio comprising 1012, 1048, and 1092 Kern St in Taft, CA 93268. The total property size is 24,741 square feet.
Recent ownership changes are paired with a lease position supported by a mix of new leases and lease extensions. Several tenants have operated at the center for decades, reflecting long-running occupancy within the retail mix anchored by the grocer.
For retailers and operators seeking a grocery-adjacent in-line storefront environment, this center’s current leasing momentum and extended anchor investment may be an important starting point for evaluating space and tenant fit.
Recent ownership changes are paired with a lease position supported by a mix of new leases and lease extensions. Several tenants have operated at the center for decades, reflecting long-running occupancy within the retail mix anchored by the grocer.
For retailers and operators seeking a grocery-adjacent in-line storefront environment, this center’s current leasing momentum and extended anchor investment may be an important starting point for evaluating space and tenant fit.
Key Highlights
- In‑line shops within a grocery anchored shopping center
- Newly extended Albertsons serves as the grocery anchor
- New ownership with a mix of new leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,453
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,889,060
$4.9M
Cap Rate 7%
$3,492,186
$3.5M
Cap Rate 9%
$2,716,144
$2.7M
Market Conditions
NOI Build-Up for 24,741 SF
Gross rent
$371.1K $15.00/SF
− Vacancy
−$21.9K −$0.89/SF
EGI
$349.2K $14.11/SF
− OpEx
−$104.8K −$4.23/SF
NOI
$244.5K $9.88/SF
Area
Kern County, CA
Vacancy
5.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,889,060
Cap Rate 7%
$3,492,186
Cap Rate 9%
$2,716,144
Alternative Uses
Best Use
Retail
$3.49M
$3.06M – $4.07M
NOI $244,453 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.29M
$4.62M – $6.17M
NOI $369,977 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
122k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 26%
Shops & Services 25%
Electronics 3%
Albertsons
Groceries
21,641 visits/mo
0.1 miles
McDonald's
Dining
13,994 visits/mo
0.1 miles
Fastrip
Shops & Services
11,498 visits/mo
0.2 miles
Jack in the Box
Dining
11,350 visits/mo
0.1 miles
Starbucks
Dining
10,690 visits/mo
0.1 miles
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - In-line retail shops inside a grocery-anchored center with a newly extended Albertsons.
Where is this shopping center located?
The property is located at 1012 1048 & 1092 Kern St Portfolio Taft, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: In‑line shops within a grocery anchored shopping center; Newly extended Albertsons serves as the grocery anchor; New ownership with a mix of new leases
