Shops at Oswell & Bernard

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Available $2,550,000 - Retail – Multi Tenant
Cap Rate:  6.49%Size:  0.88 AcresTerm:  Multi Print

 Investment Offering & Highlights

  • 100% leased retail center with a diverse tenant mix of national and regional retail tenants
  • Busy retail corridor with neighboring tenants including major retailers such as Walmart, Target, PetSmart, GNC, Goodwill, Big Lots, Pier 1 Imports, Subway & Wendy’s to name a few
  • Strong Demographics with a population of 114,220 within 3 miles and an average household income of $82,467 within 1 mile
  • Signalized, hard corner location at intersection of Oswell Street & Bernard Street with traffic counts in excess of 33,000 VPD
  • Strategically E-commerce resistant tenant mix
  • Recently completed new parking lot resurfacing and re-striping and new exterior painting of the improvements
  • Located one block from the off ramp to Hwy 178 – the primary east/west commuter arterial in North Bakersfield that connects with Hwy 99

 

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer for sale a single story, 10,345± sq. ft., free standing multi-tenant retail center located at the corner of Oswell Street & Bernard Street in Northeast Bakersfield, California. The center is 100% leased to eight tenants with 55 onsite parking spaces. The leases are net with the tenants being responsible for their prorata share of taxes, insurance, and maintenance, except roof and structure, which are the responsibility of the landlord.
Please use the following link to access the complete offering memorandum: https://www.crexi.com/properties/197568
Property Location