Bakersfield, CA - 7-Eleven

Description:

• New 15-year lease with 4 (5-year) option periods to extend
• Corporate Guaranty – 7-Eleven, Inc., the largest retailer in the world with an A credit rating from Standard & Poor’s
• 10% rental increases every 5 years

• Signalized hard corner intersection of California Ave and H St with a combined 50,500 vehicles passing by daily
• California Ave is a major East-West thoroughfare in Bakersfield with direct on-ramp connection Highway 99 (154,000 CPD), and connecting to Highway 204 (52,500 CPD)
• Excellent visibility and multiple points of ingress/egress
• The subject property is located adjacent to Downtown Bakersfield, the central business district of the city that has +5.3 million SF of office, and contains several of the city’s major theaters, sports complex, museums, hospitals, and historical landmarks
• Including: Mechanics Bank Arena, Theater, and Convention Center (10,000 capacity), Maya Cinemas, Dignity Health Memorial Hospital, & the Padre Hotel
• All Government Offices located in Downtown: City Hall, Kern County Superior Court, Mayor’s Office, City Council, Police Department, Public Works, Building Department, Kern County Public Library, Kern County Administrative, among others