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3412-3690 Ming Ave
Bakersfield, CA 93309 Wible Orchard

$17,040,000 USD

General Retail For Sale  •  64,780 SF

Property Details

  • Property Type General Retail
  • Total Building Size 83,998 SF
  • Lot Size 7.19 AC
  • Building Class B
  • Year Built 1982
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning C-2
30 Transit Score
50 Walk Score

Highlights

87% Occupied, 83,988-Square-Foot Neighborhood Shopping Center with High-Quality National Anchors; Long-Term Historical Occupancy
T.J. Maxx (NYSE: TJX; S&P; A; Investment Grade)
Guitar Center (Top 2% Nationwide; Top 8% in California - Placer.ai)
O’Reilly Auto Parts (NASDAQ: ORLY)
Value-Add Opportunity: The asking price at a 7.00% cap rate is based entirely on in-place income
QSR Drive-Thru Pad Redevelopment: An alternative to leasing the vacant spaces
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Acceptance Insurance
EGY Smoke Shop
Exotic Nail Supply
Guitar Center
Limitless Barber Shop
Mejana Market
New York Beauty Salon
O'Reilly Auto Parts
Sakura Buffet
T.J. Maxx

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
10 min - 5.0 mi
AirportDriveWalkDistance
Meadows Field 18 min - 8.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 250
Type: Surface
Included in Rent: Yes
Bill Asher 844-585-7684 Hanley Investment Group
Bill Asher 844-585-7684 Hanley Investment Group