www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32927319
32927320

1044 Kern Street, Taft, CA 93268

JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$5,391,000
8 days on market
Updated 1 day ago
Opportunity zone

Albertsons

Details
APN 032-520-20-00-2
Property Type Retail
Sub Type Grocery Store
Square Footage 43,056
Units 149
Cap Rate 5.75%
NOI $310,000
Tenancy Single
Brand/Tenant Albertsons
Lease Type NNN
Lease Term 48
Lease Expiration 04/29/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options 6 (5-Year)
Year Built 1985
Year Renovated 2003
Acreage 3.370
Zoning GC - General Commercial
Parking Spaces 149 spaces
Parking Per SqFt 3.46
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/01/1986
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Retail | 5.75% CAP | 43,056 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: ACI), Albertsons investment property located in Taft, California (Bakersfield MSA). The tenant, Albertsons LLC, recently extended its lease 8-years with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor. The subject property has served as a grocery store since its opening in 1986. Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California. The subject property boasts strong store sales (contact agent for details).

Investment highlights

  • New 8-Year Extension | Corporate Guaranteed (NYSE: ACI)
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Grocery Anchor to Taft Hills Plaza (96K SF | 1.6M+ Annual Visits)
  • Built-In Consumer Base | Near Taft College | Bakersfield MSA

Listing Contacts

JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$310,000.00
$25,833.33/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Garrett Colburn
License
01416734
Title
Broker of Record
Name
Jake Prater
License
CA 02090490
Brokerage
SRS Real Estate Partners
Title
First Vice President
Name
Patrick R. Luther, CCIM
License
01912215
Brokerage
SRS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591