| Credit-Backed Operator Occupied by Auto Glass Now, the second-largest auto glass operator in the U.S. and a subsidiary of Driven Brands (NASDAQ: DRVN) |
| Hard-Corner Arterial Location Signalized frontage on Union Avenue (SR-204) at 17th Street, ±30,000 cars per day, one block north of the Truxtun Avenue |
| Built-In NOI Growth A 10% rent increase on October 1, 2027 raises annual rent from $64,020 to $70,428 — a 5.63% cap rate on the current offering price |
| Long-Term Control Two (2) five-year renewal options extend potential occupancy through 2039, with option rent set at fair market value. |
| Passive Ownership Tenant reimburses real estate taxes and insurance and is responsible for utilities, interior maintenance and HVAC. Roof and parking |
| Infill Density 134,800 residents and 42,500 households within three miles, adjacent to downtown Bakersfield, the convention center and Amtrak station. |
Race Merritt
Ethan Conrad Properties
