Listed by Hanley Investment Group
$2,740,000
AutoZone | Bakersfield, CA
Details
APN 116-200-05 116-200-11 116-200-12
Property Type Retail
Sub Type Auto Shop
Square Footage 8,302
Net Rentable (SqFt) 8,302
Cap Rate 5.25%
NOI $143,811
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone
Lease Type NNN
Lease Term 15.1
Lease Expiration 12/31/2040
Remaining Term 14.6
Rent Bumps Yes
Lease Options Three 5-Year & One 4-Year 11 Month @ 10% Increases
Price per SqFt $330
Broker Co-Op Yes
Year Built 2013
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.720
Lease Commencement 12/03/2025
New 15-Year NNN Lease | Investment Grade Tenant (NYSE: AZO; S&P: BBB) | Low 2nd Generation Rent
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/AutoZone_Bakersfield
Investment highlights
- Single-Tenant AutoZone Pad to Grocery Outlet, Dollar Tree, and Goodwill:
- New 15-year NNN lease
- 10% increases every 5 years in the initial term and in each of the four 5-year options
- 2025 renovation; new silicone roof coating with 20-year transferable NDL warranty
- Low 2nd generation rent ($17.32/SF)
- Investment-grade national tenant (NYSE: AZO; S&P: BBB) and has been a Fortune 500 company for the past 25+ years
- AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas
- AutoZone’s annual revenue for 2025 was $18.9 billion, up from $18.5 billion in 2024
- As of November 22, 2025, AutoZone had 6,666 stores in the U.S., 895 in Mexico and 149 in Brazil for a total store count of 7,710
- Situated within Olive Drive Towne Center a Grocery Outlet-, Dollar Tree-, and Goodwill-Anchored Shopping Center (1.3 Million Annual Visits, Placer.ai)
- Easily Accessible Location Immediately Off Golden State Highway (124,000 CPD), a Major North-South Highway Connecting Major California Cities (Los Angeles, San Diego, Sacramento, etc.)
- Centrally Located within a 15-Minute Drive of Downtown Bakersfield, California State University Bakersfield (10,400+ students), Bakersfield College (30,000+ students), and Kern Medical (222 Beds)
- Dense Infill Trade Area: 215,000+ people within a 5-mile radius of the subject property
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,811.00
$11,984.25/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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