1901 White Ln Bakersfield, CA 93304-6908
- Gas stations
- 6,978 SF
- 0.95 lot acres
Current Use by Public Records
- Foods Co Fuel / Gas Station
Property Details for 1901 White Ln
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 0.95 lot acres
- Property size
- 6,978 SF
- Zone code
- C-2
- Property type
- Gas stations
- APN
- 405-020-37-00-5
- APU
- 40502037005
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,910,000
- 6.5%
- $3,290,000
- 7%
- $2,825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,160,000
- Geo Method
- $2,655,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,325,000
- Retail
- $2,630,000
- Mixed-Use
- $2,660,000
- Hospitality
- $2,975,000
- Educational
- $3,005,000
- Residential Income
- $3,030,000
- Energy
- $2,605,000
- Income-Based Land
- $2,740,000
- Food Service
- $2,730,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.024
- Latitude
- 35.3173
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
