9517 Rosedale Hwy
Listing Price: $1,100,000.00
Marcus & Millichap is pleased to present 9517 Rosedale Highway, Bakersfield, CA (the “Property”) for sale, an approximate 3,056 gross square foot single tenant retail building, situated on one parcel totaling ~10,018 SF (~0.23-acres) of land. Strategically positioned along the bustling Rosedale Highway, this Property commands unparalleled visibility, benefiting from a continuous stream of passing traffic with counts soaring to approximately 36,978 vehicles per day. It finds itself in the vibrant company of numerous national retail giants, contributing to its prestige and potential.
Originally built in 1977, the Property is currently improved with a 3,056 square foot single story retail building and is currently occupied by a local smoke shop. The Tenant signed a five (5) year triple net lease in September of 2022 which runs through August 2027. The Tenant has one (1) five (5) year option to extend their lease.
Embrace the exciting investment prospects that 9517 Rosedale Highway, Bakersfield, CA, has to offer. This prime property combines an outstanding location with a secure lease agreement, making it an enticing addition to a buyer’s investment portfolio.
- Retail Investment Opportunity
- Absolute NNN | ~ 4 Years Remaining
- Cap Rate - Year 1: 5.45% | Cap Rate - Year 2: 5.59%
- High Trafﬁc Counts - Over 36,978 Vehicles Per Day
- Excellent Demographics – Population of 87,536 and Average Household Income of $125,121 within a 3-Mile Radius
- Major Thoroughfare with Easy Access to State Route 99
- Surrounded by National Tenants, Including: The Northwest Promenade, a Nearly Mile Long Shopping Area Occupied by Retailers Such as: Walmart, Target, Best Buy, Kohls, Michaels, Home Depot and More