Albertsons NNN Investment
1044 Kern Street, Taft, CA 93268
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NNN Albertsons in Taft, CA with corporate guarantee.
Type:Retail
Property size:
43,056 SFPrice / SF:
$125/SF- Added:
- May 26, 2026
- Days on Market:
- 4
- Last Refresh:
- May 27 at 8:27 am
Property Features for 1044 Kern Street
General Information
- Standard status
- Active
- Size
- 43,056 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing agent Jake Prater License #CA 02090490
Listing office SRS Real Estate Partners Newport Beach (480) 221-4221
Listing date May 26, 2026
Source Crexi
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 SRS Real Estate Partners Newport Beach
HighLights
- NNN lease with corporate guarantee from Albertsons (NYSE: ACI) for a stable, low‑management investment.
- Recently extended Albertsons lease for 8 years with 6 (5‑year) options, showing long‑term commitment.
- Grocery anchor to Taft Hills Plaza, a 96K+ square foot retail center attracting 1.6 million annual visits.
- Strategic location on Kern Street (9,400 VPD) with easy access to Highway 33.
- Strong retail tenant mix including Subway, Anytime Fitness, Jack in the Box, Starbucks, and AutoZone.
- Adjacent to Taft College, providing a consumer base of over 4,000 students.
Overview
This is an opportunity to acquire a fee simple interest in a corporate guaranteed Albertsons investment property in Taft, California, part of the Bakersfield MSA. Albertsons LLC, the tenant, recently extended its lease for 8 years, with 6 options to extend for 5 years each. The lease is NNN, which minimizes landlord responsibilities. The property has been a grocery store since 1986. Albertsons Companies operates a grocery platform with over 2,200 stores across 35 states under more than 20 banners, including Albertsons, Safeway, and Vons. The subject property anchors Taft Hills Plaza, a retail center of over 96,000 square feet that serves as the primary shopping destination for the community and attracts over 1.6 million annual visits. The property is located on Kern Street (9,400 VPD), with access to Highway 33, also known as the ‘Petroleum Highway,’ which connects travelers throughout California and employees in the oil and gas industry. The plaza includes tenants like Subway and Anytime Fitness, and outparcels such as Jack in the Box, Starbucks, and AutoZone. The property is directly adjacent to Taft College, which provides a consumer base of over 4,000 students. Taft is located 35 miles West of Bakersfield.
Local Financial Insights For Specialty 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 | $671.7k | $15.60 |
| − Vacancy | −$36.9k | −$0.86 |
| EGI | $634.7k | $14.74 |
| − OpEx | −$158.7k | −$3.69 |
| NOI | $476.0k | $11.06 |
43,056 SF · lease $15.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$6.80M
$5.95M – $7.93M
NOI $476,049 @ 7.0% cap · market cap 8.83%
Second Best
Retail
$6.08M
$5.32M – $7.09M
NOI $425,415 @ 7.0% cap · market cap 7.89%
Theoretical Best
Warehouse
$9.20M
$8.05M – $10.73M
NOI $643,860 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Albertsons Bakery
Bakery
Primo Water Refill
Big Box & Wholesale Store
Albertsons
Grocery & Convenience Store
Western Union
Bank
Similar Places Nearby
- Albertsons — 1044 Kern St, Taft, CA 93268
- Save-A-Lot — 521 Finley Dr, Taft, CA 93268
- Jalisco Meat Market — 368 Harrison St, Taft, CA 93268
- Grocery Outlet — 877 Supply Row, Taft, CA 93268
Location Insight
- Map
- Local Demand
- City
- Taft
- County
- Kern
- State
- California
- Longitude
- -119.467537
- Latitude
- 35.146291
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN Albertsons in Taft, CA with corporate guarantee.
Where is this grocery and convenience store located?
The property is located at 1044 Kern Street Taft, CA.
What is the asking price?
The asking price for this property is $5,391,000.
What are key features of this property?
This property features: NNN lease with corporate guarantee from Albertsons (NYSE: ACI) for a stable, low‑management investment.; Recently extended Albertsons lease for 8 years with 6 (5‑year) options, showing long‑term commitment.; Grocery anchor to Taft Hills Plaza, a 96K+ square foot retail center attracting 1.6 million annual visits.
