Freestanding Grocery Retail
For Sale
Contact for pricing
3535 Panama Lane, Bakersfield, CA 93313
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 Market55
Property Features for 3535 Panama Lane
General Information
Standard status
Active
Size
23,313 SF
Total Parking Spaces
96
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$846,262
Additional Details
Highway Access
Yes
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
Sands Investment Group Los Angeles
Listed By:
Dan Hoogesteger · License #CA 01376759
Source:
Crexi
Added: Jul 14
Changed: Aug 22
Last Checked: Aug 25 at 7:58AM
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
266k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 32%
Groceries 23%
Electronics 3%
Albertsons
Groceries
47,291 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
37,558 visits/mo
0.3 miles
Mister Car Wash
Shops & Services
29,409 visits/mo
0.2 miles
McDonald's
Dining
24,991 visits/mo
0.2 miles
Wells Fargo
Shops & Services
18,645 visits/mo
0.1 miles
Demographics for 93313, CA
58,322
Population
17,232
Households
3.4
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
100.6 sq mi
ZIP Area
580
Density / Sq Mi
$93,396
Median Household Income
$42,099
Median Earnings
$1,857
Median Rent
$349,800
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
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Similar Off Market Nearby
- Albertsons — 3500 Panama Ln, Bakersfield, CA 93313
Frequently Asked Questions
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
