1044 Kern Street Taft, CA 93268

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.