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3535 Panama Ln
Bakersfield, CA 93313 South Bakersfield

$14,105,000 USD

Supermarket For Sale  •  23,313 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 23,313 SF
  • Lot Size 2.09 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C-2
30 Transit Score
40 Walk Score

Highlights

New (2024), pride-of-ownership, build-to-suit Sprouts Farmers Market with approximately 13 years remaining on the lease.
Triple Net (NNN) Lease featuring minimal landlord responsibilities limited to maintaining and replacing the roof and structure.
Extremely rare 10% rent increases every 5 years, compared to typical Sprouts leases and other alternative net lease grocery investment opportunities.
Corporately guaranteed by Sprouts Farmers Market (NASDAQ: SFM), a publicly traded company with more than 490 locations across 25 states.
Fee simple ownership providing investors with depreciation benefits.
Sprouts Farmers Market (NASDAQ: SFM) is a leading national grocery retailer with more than 490 locations across the United States.
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Sprouts Farmers Market 23,313 SF 2/28/2039

Public Transportation

Commuter RailDriveWalkDistance
Bakersfield (San Joaquins - Amtrak) 14 min - 8.3 mi
AirportDriveWalkDistance
Meadows Field 21 min - 11.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 96
Type: Surface
Included in Rent: Yes
Mitchell Fenske 615-249-4694 Sands Investment Group
Mitchell Fenske 615-249-4694 Sands Investment Group