Grocery-Anchored Shopping Center Inline
New
For Sale
Contact for pricing
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$164.50
Days on Market7
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
(415) 269-8969
Listed By:
Dave Lucas · License #01389761
(415) 269-8969
Source:
Moodyscre
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 2:17PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $371.1k | $15.00 |
| − Vacancy | −$21.9k | −$0.89 |
| EGI | $349.2k | $14.11 |
| − OpEx | −$104.8k | −$4.23 |
| NOI | $244.5k | $9.88 |
24,741 SF · lease $15.00/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.49M
$3.06M – $4.07M
NOI $244,453 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.29M
$4.62M – $6.17M
NOI $369,977 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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 $4,070,000.
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
