99¢ Only Store

2682 Mount Vernon Ave, Bakersfield, CA 93306

Price: $4,200,000
CAP Rate: 6.42%
Net Rentable Area: 28,848 SF
Lot Size: 3.07 Acres
Year Built: 1973
Status: SOLD
99 Cent Only - Bakersfield CA Oct2019

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • Located in a busy CVS anchored center
  • Densely populated residential community with more than 220,530 residents in the immediate area
  • In close proximity to Bakersfield Community College with 17,700+/- student body population contributing to the traffic in the immediate area
  • Heavily trafficked area with strong visibility and ease in ingress/egress where more than 35,400+ vehicles pass in front of site daily
Disclaimer:

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Marcus & Millichap Real Estate Investment Services name and logo are used herein for informational purposes only as well as to identify brokerage affiliation.

EXCLUSIVE LISTINGS

Caliber Collision

  • LONG TERM NNN LEASE
    Brand new 15 year lease commenced in September 2023, with two 5-year renewal options
  • NEWLY RENOVATED BUILDING
    Subject site received new 2023 renovations specifically suited for Caliber Collision
  • REGULAR 10% RENT INCREASES
    Built-in increases every 5 years help to hedge against inflation
  • STRONG CORPORATE GUARANTY
    Caliber Collision is the #1 collision repair company in the U.S., now with over 1,800 locations nationwide
  • WELL POSITIONED REAL ESTATE
    Proximity to Lynchburg Regional Airport, the area’s busiest travel hub, and Liberty University, with over 140,000 enrolled students

Lynchburg, VA

Price: 

$2,536,128

CAP: 

6.25%

NOI: 

$158,508

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McDonald’s

  • BRAND NEW 20 YEAR NNN GROUND LEASE
    Passive long term lease with zero landlord obligations
  • BRAND NEW 2025 CONSTRUCTION
    New built-to-suit McDonald’s prototype with double drive-thru
  • INVESTMENT GRADE TENANT
    McDonald’s (S&P Rated BBB+) is the world’s largest fast food chain, with over 43,400 locations in 120 countries
  • TAX-FREE STATE
    Texas is an income tax-free, landlord friendly state, ideal for passive investors
  • POPULATION GROWTH
    The Blue Mound neighborhood of Fort Worth has experienced exponential growth of over 57% since 2010, with the population expected to increase by another 23.56% by 2028
  • STRONG DEMOGRAPHICS
    As part of the Dallas-Fort Worth Metroplex, the subject site is supported by a 5-mile population of over 256,000 residents earning an average of over $108,000 and is directly across the street from Saginaw High School with almost 2,000 students

Fort Worth, TX

Price: 

$3,600,000

CAP: 

3.75%

NOI: 

$135,000

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Caliber Collision

  • Absolute NNN Lease, zero landlord responsibilities
  • Brand New 2025 Construction
  • Regular 10% Rent Increases every 5 years hedge against inflation
  • Strong Corporate Guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
  • E-commerce and Recession Resistant Industry, as long as there are cars on the road, there will be a need for body work
  • Well located in Delaware’s capital city, the subject site is adjacent to the Dover Air Force Base, home to the busiest and largest air freight terminal in the Department of Defense

Dover, DE

Price: 

$5,985,100

CAP: 

6.25%

NOI: 

$374,068

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Caliber Collision

  • Absolute NNN Lease, zero landlord responsibilities
  • Brand New 2025 Construction
  • Regular 10% Rent Increases every 5 years hedge against inflation
  • Strong Corporate Guaranty from the largest auto body repair company in the U.S. backed by over 1,800 locations
  • E-commerce and Recession Resistant Industry, as long as there are cars on the road, there will be a need for body work
  • Highly Affluent Pittsburgh Neighborhood, Average Household Income is well above national average at $120,000

Murrysville (Pittsburgh), PA

Price: 

$5,582,800

CAP: 

6.25%

NOI: 

$348,925

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Raising Cane's

  • ABSOLUTE TRIPLE NET (NNN) LEASE
    Rare fee simple deal, zero landlord obligations
  • RENT INCREASES
    Regular built in rent bumps to hedge against inflation, next increase in March 2026!
  • TAX-FREE STATE
    Texas is a highly desirable state to purchase investment property, no state income tax
  • EXPLOSIVE GROWTH
    With over 800 locations, and plans for 100 more in 2025, Raising Cane’s has experienced 62 straight quarters of positive same-store sales
  • INCREDIBLE REAL ESTATE
    Corner lot located just off I-20 amid the area’s main power shopping centers in a busy Dallas neighborhood

Dallas, TX

Price: 

$5,430,000

CAP: 

5.35%

NOI: 

$290,850

View Listing
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