3130 24th St Bakersfield, CA 93301-3131
- Gas stations
- 2,320 SF
- 0.52 lot acres
Current Use by Public Records
- PNC Bank ATM / Atm
- 7-Eleven / Convenience Store
- Western Union / Money Transfer Service
Property Details for 3130 24th St
- Year built
- 2020
- Construction
- STEEL FRAME
- Lot size
- 0.52 lot acres
- Property size
- 2,320 SF
- Zone code
- C2
- Property type
- Gas stations
- APN
- 001-310-05-00-2
- APU
- 131005002
Description
This exceptional investment opportunity presents a single-tenant, 7-Eleven gas station located at 3130 24th St, Bakersfield, CA 93301. The property boasts a prime location in a vibrant city with a growing economy, ensuring high visibility and accessibility. Built in 2020, this 2,320 square foot building sits on a 22,651 square foot lot. The property is leased under a Net-Net (NN) lease agreement with a national tenant, 7-Eleven, providing significant stability and consistent income. The current lease commenced on August 4th, 2020, and has an estimated expiration date of August 3rd, 2035, leaving 12 years remaining on the lease term. The asking price is $3,825,000, representing a price per square foot of $1,648.71 and a compelling 5.15% cap rate. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable market. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any investment portfolio. The single-story building offers a straightforward and easily managed investment. This is a turnkey operation with minimal operational involvement required for the investor. The property's location in Kern County, California, provides access to a large and growing customer base.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.038
- Latitude
- 35.3815
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
