Aaron’s Bakersfield, California

$1,885,700
Cap Rate: 7.00%
Available
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 7.00%
Price: $1,885,700
Rentable Square Feet: 11,240
Annual Rent: $132,000
Year Built: 2013
Lease Type: NNN
Lease Term: 9 Years
Option Periods: 1, 5-Year Options
Lease Expiration: October 31, 2022

1125 Olive Drive, Bakersfield, CA 93308

Investment Highlights

• Corporate Aaron’s Inc. Lease
• Freestanding Pad and Building Located in the Olive Drive Towne Centre Shopping Center Situated at the Signalized Intersection
• Surrounding National Retailers Include Big Lots, Dollar Tree, Rite Aid, Goodwill, Boost Mobile, Bank of America, McDonald’s, Burger King, Taco Bell, Popeyes, Sonic, 7-Eleven and Many More
• Located off Olive Drive With a Daily Traffic Count of More Than 20,000 Vehicles
• One Half Mile from Good Samaritan Hospital and Golden State Highway, with a Daily Traffic Count of More Than 110,000
• Aaron’s has More Than 1,600 Company-Operated and Franchised Stores in 47 States and Canada
• Publicly Traded on NYSE: AAN
• Three and a Half Miles from Meadows Field Airport and Downtown Bakersfield
• Seven Miles from California State University Bakersfield

 

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Aarons located at 1125 Olive Drive in Bakersfield, California. This Aarons is a corporate lease, and is a freestanding pad and building located in the Olive Drive Towne Centre Shopping Center situated at a signalized intersection. 

The subject property is located on Olive Drive with a daily traffic count of more than 20,000 vehicles; and is one half mile from Golden State Highway which has a daily traffic count of 110,000 vehicles. Surrounding national retailers include Big Lots, Dollar Tree, Rite Aid, Goodwill, Boost Mobile, Bank of America, McDonalds, Burger King, Taco Bell, Popeyes, Sonic, 7-Eleven and many more. 


Broker of Records

Jim Markel
Lic.# 01253407

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