93309 Archives | Sands Investment Group

Sands Investment Group is Pleased to Exclusively Offer For Sale a 37,089 SF Village at the Oaks Located at 7900 White Lane in Bakersfield, CA. This Deal Includes a 100% Occupied – Essential “Daily Needs” Grocery Shadow-Anchored Neighborhood Center, Providing For a Secured Investment.

100% Occupied – Essential “Daily Needs” Grocery Shadow-Anchored Neighborhood Center:

Destination Location Shadow Anchored By Albertsons Grocery Store (NAP)
Strong Mix of National & Regional Tenants Providing Security to New Investor Thru Credit, Tenant Synergy & Diversity
100% Occupied Center Featuring 37,089 SF Leased to 15 Tenants With Low Historical Vacancy

Excellent Real Estate Fundamentals:

Southwest Bakersfield Experiencing Significant Growth and Ranks as One California’s Hottest Home Markets of 2023 (Realtor.com)
Significant Number of Tenants Have Below Market Lease Rates, Providing Potential Value Add in the Future
Strong Rent Growth – Multiple Tenants Feature Rare Annual Rental Increasing, Providing a Strong Hedge Against Inflation
Long Term Operating History – Approximately 65% of the GLA Has an Operating History at This Location of 13 Years or Longer

Outstanding Retail Location:

Situated at one of the Most Heavily Trafficked Intersections in the Trade Area (Approximately 65,000 CPD at Gosford Rd & White Ln)
Extremely Dense Trade Area With Over 270,000 Residents With 5-Miles
Affluent Trade Area – Over $96,000 Average Household Income Within 3-Miles
Additional Co-Tenants (NAP) & Area Retailers Include Taco Bell, Burger King, Wingstop, McDonalds and Others, Driving Potential Customer Business to the Subject Property

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy Ground Lease Located in Bakersfield, California. This Property Has Approximately 12+ Years Remaining on the Base Term of the Lease and Features a Rare 10% Increase in 7.5 Years and 7.5% Increases Every 5 Years Thereafter, Throughout Each of the 5 (5-Year) Option Periods Providing a Strong Hedge Against Inflation. The Building Includes a Double Lane Drive-Thru and Sits as an Out Parcel to a Highly Visited Shopping Center With Adjacent Tenants Including Aldi, Smart & Final, Chick-fil-A, In-N-out, Chipotle, Panda Express, Randy’s Donuts & More. This Location is Open 24 Hours a Day and Benefits From a High Population Base in the Immediate Trade Area in Addition to High Daytime Population From the Significant Density of Office Campuses Located Nearby. CVS is the Largest Pharmacy Provider in the Country By Prescription Revenue and Features an Investment Grade Credit Rating of BBB (S&P Global Ratings). This Investment is Perfect For a 1031 Buyer. This Deal Offers a Long-Term Secure Income Stream, Strong Rental Increases, Investment Grade Credit With a Pandemic and Recession Resistant Tenant.

BEST IN CLASS INVESTMENT FEATURING RARE STRONG RENTAL INCREASES

Long Term Lease With Approximately 12+ Years Remaining on Base Term
Corporate Guaranteed Lease Featuring Investment Grade Credit – BBB (S&P Global ) / Baa2 (Moody’s)
Absolute Triple Net (NNN) Ground Lease Featuring Low Rent on Approximately 2.01 Acre Parcel
Rare 10% Rental Increase in 7.5 Years and 7.5% Increases Every 5 Years Thereafter Throughout Each of the 5 (5-Year) Option Periods Providing a Hedge Against Inflation
Double Lane Drive-Thru Prototype Building

DAILY NEEDS & NECESSITY BASED TENANT

CVS is the Top Drug Store in the Country Based on Prescription Drug Revenue Holding Nearly 25% of the Prescription Drug Market
Tenant Remained Open and Paying Rent Throughout the COVID-19 Pandemic
Drug Stores Provide a “Daily Needs” For Consumers Making the Property Pandemic and Recession Resistant

DOMINANT BAKERSFIELD LOCATION

2nd Most Travelled Intersection in the City With Over 80,000 Cars Per Day at Stockdale Hwy & California Avenue
Dense Population Base With Over 342,625 People Within 5-Miles
Affluent Trade Area – $76,411 Average Household Income Within a 5-Mile Radius
High Daytime Population From the Significant Density of Office Campuses
Nearby Employee Population – Over 77,000 People Within a 3-Mile Radius

In Cooperation With Sands Investment Group, Inc Lic. # 01768950

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities