Freestanding Grocery Retail
3535 Panama Lane Bakersfield, CA 93313
3535 Panama Lane, Bakersfield, CA, 93313
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For Sale
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New construction freestanding Sprouts Farmers Market with approximately 13 years remaining on the primary lease term.
Property Size23,313 SF
Price / SF$605.03
Days on Market9
Property Features for 3535 Panama Lane
General Information
- Standard status
- Active
- Size
- 23,313 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agency
Sands Investment Group Los Angeles
Listed by
Dan Hoogesteger · License #CA 01376759
Source
Crexi
Added: Jul 14 Updated: Jul 21 at 6:23PM Checked: Jul 22 at 4:11AM
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 Sands Investment Group Los Angeles
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to exclusively offer for sale a new construction, pride-of-ownership freestanding Sprouts Farmers Market at 3535 Panama Lane in Bakersfield, California. The property is leased with approximately 13 years remaining on the primary term, with 10% rental increases every five years. Sprouts Farmers Market operates more than 490 locations across 25 states.
The site is located within a larger destination-oriented shopping center, with adjacent retailers including Walgreens, AutoZone, Wells Fargo, and Carl’s Jr. The property benefits from visibility to dense infill and is positioned adjacent to State Highway 99. Public remarks also cite traffic counts exceeding 40,000 vehicles per day.
Nearby retailers listed in the offering materials include Lowe’s, In-N-Out Burger, Albertsons, Walmart Supercenter, Costco, and others. The offering includes a property size of 23,313 square feet.
The site is located within a larger destination-oriented shopping center, with adjacent retailers including Walgreens, AutoZone, Wells Fargo, and Carl’s Jr. The property benefits from visibility to dense infill and is positioned adjacent to State Highway 99. Public remarks also cite traffic counts exceeding 40,000 vehicles per day.
Nearby retailers listed in the offering materials include Lowe’s, In-N-Out Burger, Albertsons, Walmart Supercenter, Costco, and others. The offering includes a property size of 23,313 square feet.
Key Highlights
- New construction freestanding Sprouts Farmers Market (Year Built: 2024) at 3535 Panama Lane in Bakersfield, CA
- Approximately 13 years remaining on the primary term of the lease
- Lease includes 10% rental increases every 5 years
Property Analytics
Location Intelligence
Current Use by Public Records
Sprouts Farmers Market
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Albertsons — 3500 Panama Ln, Bakersfield, CA 93313
FAQs
What type of property is this?
Grocery and convenience store - New construction freestanding Sprouts Farmers Market with approximately 13 years remaining on the primary lease term.
Where is this grocery and convenience store located?
The property is located at 3535 Panama Lane Bakersfield, CA.
What is the asking price?
The asking price for this property is $14,105,000.
What are key features of this property?
This property features: New construction freestanding Sprouts Farmers Market (Year Built: 2024) at 3535 Panama Lane in Bakersfield, CA; Approximately 13 years remaining on the primary term of the lease; Lease includes 10% rental increases every 5 years
