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    1125 Olive Dr Bakersfield, CA 93308

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    For Sale
    $2,876,200

    AutoZone property with a new 15-year lease in California.

    Property size:
    8,302 SF
    Lot size:
    12.21 Acres

    Property Features for 1125 Olive Dr

    General Information

    Size
    8,302 SF
    Lot size
    12.21 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    AutoZone Property For Sale

    This property is subject to a brand new 15-year lease. The tenant, AutoZone, has invested significant capital in the building's renovation. The property is located within Olive Drive Towne Center, as an outparcel to Grocery Outlet, Dollar Tree, and Goodwill. The current rent is $17.32 per square foot, and the lease includes 10% rental increases every 5 years, with multiple renewal options. The property size is 8,302 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Aaron's Appliance Store Kaila Resto Cosmetics ... Cosmetics Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sinclair Auto, Les Schwab Tire Center, Re-New Your View

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.045232
    Latitude
    35.4119951

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    FAQs

    What type of property is this?
    Auto shop - AutoZone property with a new 15-year lease in California.
    Where is this auto shop located?
    The property is located at 1125 Olive Dr Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $2,876,200.
    What are key features of this property?
    This property features: - Brand new 15-year lease provides long-term stability.; - 10% rental increases every 5 years with multiple renewal options.; - Significant capital invested by AutoZone for the building's renovation.
    (602) 770-2935
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    1125 Olive Dr Bakersfield, CA 93308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1125 Olive Dr Bakersfield, CA 93308
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