2400 White Ln Bakersfield, CA 93304-6919

This exceptional investment opportunity presents a 3,516 square foot shopping center located at 2400 White Lane in Bakersfield, California, 93304. The property, built in 1990 and situated on a 35,284 square foot lot, boasts a strong Net Operating Income (NOI) of $91,800. Currently leased to Carl's Jr. under a triple-net (NNN) lease with a remaining term of five years and four five-year renewal options, offering significant long-term stability. The tenant has consistently renewed their lease due to excellent sales performance, indicating a robust and reliable income stream. The property benefits from a high-traffic location on a signalized corner with 42,000 cars per day passing by, and is just two blocks from a freeway with 138,000 cars per day and convenient on/off ramps. The surrounding area features a high concentration of businesses, including a 255,000 square foot grocery-anchored shopping center with national tenants such as Starbucks, Burger King, and Papa John's. Furthermore, the proximity to four hotels within one block and seven schools within one mile contributes to high foot traffic and consistent demand. The asking price for this exceptional investment is $1,850,000. This property offers a secure and potentially lucrative investment opportunity with significant upside potential.