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Bakersfield, CA - Dollar General Market

$5,200,000

258 Bernard St, Bakersfield, CA 93305

Active
Last Updated: 03/09/2026

6.75

Cap Rate

351,000

NOI

Details:
Cap Rate:    6.75%
NOI:    $351,000
Building Size:    18,827 sqft
Lot Area:    2 acres
Year Built:    1952
Year Last Renovated:    2013
Description:

• Dollar General Market has operated at this location for 10 years and has 2+ years remaining on their current lease
• The lease offers three (5-year) options to extend, with 10% rental increases at the beginning of each option period
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,900 location as of October 31, 2025

• Dollar General benefits from its location within a dense retail corridor alongside major national and credit tenants such as The Home Depot, Lowe’s, Starbucks, Dutch Bros, Taco Bell, Burger King, and others
• Located at a signalized hard-corner intersection of Bernard Street and Alta Vista Drive, which sees approximately 12,600 vehicles per day
• The property offers easy access to major thoroughfares, including State Highway 178 (36,300 VPD) and State Highway 204 (32,300 VPD) • • • The asset has excellent visibility via street frontage providing ease and convenience for customers contributing to strong sales

Map:
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