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1125 Olive Dr
Bakersfield, CA 93308 Oildale

$2,740,000 USD

Storefront For Sale  •  8,302 SF

Property Details

• Property Type Storefront
• Total Building Size 8,302 SF
• Lot Size 0.72 AC
• Building Class B
• Year Built 2013
• Cap Rate 5.25 %
• Tenancy Single
• Zoning M-2

30 Transit Score

40 Walk Score

Highlights

Single-Tenant AutoZone Pad To Grocery Outlet, Dollar Tree, And Goodwill

New 15-Year NNN Lease

10% Increases Every 5 Years In The Initial Term And In Each Of The Four 5-Year Options

2025 Renovation; New Silicone Roof Coating With 20-Year Transferable NDL Warranty

Low 2nd Generation Rent ($17.32/SF)

Investment-Grade National Tenant (NYSE: AZO; S&P: BBB) And Has Been A Fortune 500 Company For The Past 25+ Years

Cap Rate:

5.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
AutoZone		12/31/2040

Amenities

• Signage
• Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	4.6 mi
Airport	Drive	Walk	Distance
Meadows Field	9 min	-	2.5 mi