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26860168
26860169

3737 Ming Ave, Bakersfield, CA 93309

JW
CA 01420570
Colliers - Bakersfield, California
GT
CA 01323185
Colliers - Bakersfield, California
Listed by Colliers - Bakersfield, California
$4,900,000
269 days on market
Updated 84 days ago

Single-Tenant Net Lease Opportunity

Details
Property Type Mixed Use, Retail (+1)
Sub Type Storefront
Square Footage 20,305
Cap Rate 5.30%
NOI $261,360
Year Built 1971
Year Renovated 2016 & 2025
Buildings 1
Acreage 2.000
Zoning C-2
Investment Type Net Lease

Mixed Use | 5.30% CAP | 20,305 SqFt

Marketing description

High Quality Asset. Strong Location in Established Trade Area in South Bakersfield.

Investment highlights

  • High Quality Asset

  • National credit tenant DriveTime Auto Sales

  • Excellent location on Ming Avenue a major retail corridor of Bakersfield

  • Limited landlord responsibilities

  • Strong visibility, signage and ease of access from Ming Avenue

  • Investor Opportunity

  • Purchase as an investor and capitalize on the outstanding Central California location

  • 3737 Ming Avenue is newly remodeled by DriveTime with an estimated $750,000 in improvements

  • Strong Location in Established Trade Area in South Bakersfield

  • Strong demographics in an established Bakersfield location

  • Main retail corridor Ming Avenue with high traffic counts and national credit retailers

  • Egress and ingress from Ming Avenue and tremendous visibility

  • Close proximity to Valley Plaza Mall. Valley Plaza is the mall only servicing Kern County trade area of more than 865,000 people

Listing Contacts

JW
CA 01420570
Colliers - Bakersfield, California
GT
CA 01323185
Colliers - Bakersfield, California
Listed by Colliers - Bakersfield, California

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$261,360.00
$21,780.00/mo

Valuation Metrics

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DSCR
5.33%
Cap Rate
5.33%
ROI

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