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    OFF-MARKET
    Neighborhood centers

    0 Dr, Bakersfield, CA 93309

    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property in Bakersfield, California, offers a single-tenant space ranging from approximately 6,000 to 10,000 square feet. Located on Mervyn's Drive, near the intersection with California Avenue, this new construction building boasts convenient access to the US 99 Freeway Interchange (within approximately 0.5 miles). The property benefits from a high-traffic location, with an estimated 55,000 Annual Average Daily Traffic (AADT) as of 2015, according to ESRI data. Its strategic placement at a signalized intersection ensures excellent visibility. Additional features include ample parking, patio seating, and endcap locations. The property is situated adjacent to a Hobby Lobby, providing strong synergy and increased foot traffic. Street monument signage is also available, enhancing visibility and brand recognition. This is an ideal opportunity for a business seeking a high-visibility location in a thriving Bakersfield market. The building is a single-tenant strip center in Kern County, with a zip code of 93309.

    Property profile
    Verified
    Property type Neighborhood centers
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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