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3535 Panama Ln
Bakersfield, CA 93313

$14,650,000 USD

Supermarket For Sale  •  23,313 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 23,313 SF
  • Lot Size 2.09 AC
  • Building Class A
  • Year Built 2023
  • Tenancy Single
30 Transit Score
69 Walk Score

Highlights

Corporate NNN lease with Sprouts Farmers Market (NASDAQ: SFM) - a national chain organic grocery with more than 420 stores and $6.8B revenue (2023)
New 15-year lease eliminates landlord leasing & capital expenses, creating a secure cash flow. Scheduled 10% rent increasses every 5 years
As a build-to-suit with fee-simple ownership, investors can benefit from new construction and depreciation tax benefits to enhance post-tax cash flow
Sprouts is part of Bakersfield Crossings Center, which includes Walgreens, T-Mobile, Carl’s Jr., AutoZone, Wells Fargo, fitness, dining and more.
Sprouts' CAM contribution is fixed for the 1st year with 3% annual increases. Current CAM expenses are lower than CAM income, creating additional NOI

Public Transportation

Commuter RailDriveWalkDistance
Bakersfield (San Joaquins - Amtrak) 14 min - 8.3 mi
AirportDriveWalkDistance
Meadows Field 21 min - 11.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 96
Type: Surface
Included in Rent: Yes
Patrick Wade 213-613-3071 CBRE, Inc.
Patrick Wade 213-613-3071 CBRE, Inc.