1901 White Ln Bakersfield, CA 93304-6908

This exceptional investment opportunity presents a newly constructed, 7-pump Kroger Fuel Center in Bakersfield, CA. The property boasts a 20-year absolute triple-net (NNN) ground lease with a credit-rated, corporate guarantee from The Kroger Co., the nation's largest supermarket chain by revenue. The lease commenced October 28, 2023, and features a substantial remaining term of approximately 18.9 years, extending to October 28, 2043. Rent increases by 10% every five years, ensuring consistent income growth. Situated on a 0.95-acre lot at 1901 White Ln, Bakersfield, CA 93304 (APN 405-020-37-00-5), this Class A property offers 7,054 square feet of space and benefits from a prime location along a major retail corridor with excellent co-tenancy. The property's strong financial performance is reflected in its 5.00% cap rate and a net operating income (NOI) of $150,000. Built in 2024, the fuel center achieved 100% occupancy on May 23, 2024, and offers a compelling price per square foot of $425.29. This is a rare opportunity to acquire a secure, high-performing investment with significant long-term potential in a thriving California market. The asking price is $3,000,000.