Sale / 2630 Mount Vernon Avenue

Address
2630 Mt. Vernon Avenue
Bakersfield, CA 93306

For Sale SF
5,600 SF Pad Building

Description
• Long term investment opportunity – Pad building to 100% leased shopping center anchored by Smart & Final
• New construction completed in 2017
• All tenants signed 10 year base lease term, with 7-8 years remaining on each lease
• Strong 10% rent increases every 5 years (next increases within 2-3 years); NNN leases featuring 4% management fee
• At signalized intersection of Mall View Rd & Mt. Vernon Ave, with 98,500 CPD
• Site located just south of Highway 178, adjacent to off-ramp
• Excellent visibility and access; Direct frontage and exposure with high barriers to entry
• Highway pylon signage along Interstate 178 and monument signage available along heavily traveled Mt. Vernon Avenue
• Densely populated area with over 224,800 people within a 5-mile radius and and employee population of over 42,000 people within a 3-mile radius of the site.
• 100% Restaurant Tenant lineup

Co-Tenants
Smart & Final Extra, Urbane Cafe and Sizzler;
Area tenants include Home Depot, Walmart Supercenter, Target, Walgreens, Rite Aid and high volume QSR operators including Starbucks, Panda Express, Jack In The Box and El Pollo Loco

Contact
Robert Haas