4040 California Ave Bakersfield, CA 93309-1012

Exceptional investment opportunity: a 6,039 square foot Class B medical office building in Bakersfield, CA, currently occupied by Accelerated Urgent Care under an absolute NNN lease with 11 years remaining. The property boasts a 7.23% cap rate and a strong NOI of $354,125. Built in 2020, this state-of-the-art facility features 51 parking spaces on a 35,583 square foot lot. The lease includes a corporate/personal guarantee, providing significant security for investors. Rent increases annually at 3%, offering inflation protection. Accelerated Urgent Care, a prominent provider specializing in Medi-Cal patients, operates seven locations in Bakersfield alone and sixteen throughout California. Their focus on rapid patient care (within 15 minutes) contributes to their success in Kern County, where Medi-Cal covers over 38% of the population. This fee-simple property presents a passive investment opportunity with minimal management responsibilities. Located at a high-traffic, signalized intersection, this property offers excellent visibility and accessibility. The building underwent a complete retrofit in 2020, ensuring modern amenities and functionality. This is a rare chance to acquire a stable, high-performing medical office asset with significant long-term growth potential.