NNN-Leased CVS
For Sale
Contact for pricing
6500 South Union Avenue, Bakersfield, CA 93307
Approximately 12,900-square-foot CVS Pharmacy is offered for sale under a 25-year NNN lease with CVS Caremark guaranty.
Property Size12,900 SF
Days on Market121
Property Features for 6500 South Union Avenue
General Information
Standard status
Active
Size
12,900 SF
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Martin Cohan · License #CA 00939478
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 4:42PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This sale opportunity includes an approximately 12,900-square-foot CVS Pharmacy. The property is leased under a 25-year NNN structure and includes a corporate guaranty from CVS Caremark. The lease has 17.8 years remaining and features ten (10) five-year options to extend at fair market value.
The property is located at 6500 South Union Avenue in Bakersfield, California, which is the county seat of Kern County.
The offering is presented as a long-term, NNN investment anchored by CVS Caremark, with multiple renewal options extending beyond the current remaining lease term.
The property is located at 6500 South Union Avenue in Bakersfield, California, which is the county seat of Kern County.
The offering is presented as a long-term, NNN investment anchored by CVS Caremark, with multiple renewal options extending beyond the current remaining lease term.
Key Highlights
- Approximately 12,900‑square‑foot CVS Pharmacy located in Bakersfield, CA
- Leased under a 25‑year NNN lease with 17.8 years remaining
- Includes ten (10) five‑year lease extension options at fair market value
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Fastrip
Shops & Services
21,620 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,040 visits/mo
0.2 miles
SUBWAY
Dining
4,067 visits/mo
0.4 miles
Copart
Shops & Services
640 visits/mo
0.4 miles
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - Approximately 12,900-square-foot CVS Pharmacy is offered for sale under a 25-year NNN lease with CVS Caremark guaranty.
Where is this drug store located?
The property is located at 6500 South Union Avenue Bakersfield, CA.
What are key features of this property?
This property features: Approximately 12,900‑square‑foot CVS Pharmacy located in Bakersfield, CA; Leased under a 25‑year NNN lease with 17.8 years remaining; Includes ten (10) five‑year lease extension options at fair market value
