Lamont, CA - California Rural Legal Assistance
$835,000
10200 Main Street, Lamont, CA 93241
8
Cap Rate
66,837
NOI
Details:
Description:
• California Rural Legal Assistance, Inc. (CRLA) is a government funded non-profit law firm founded in 1966 with 24 locations to provide free civil legal services to low-income residents of California’s rural counties
• $22 million of grant revenue in 2022
• $100,000 in recent improvements to building
• 20-year operating history in nearby market Arvin, relocated to Lamont to increase office size from 600 SF to 3,000 SF and upgrade street visibility to increase walk-in customers
• Passive absolute NNN lease with zero landlord responsibilities
• 3% annual increases
• Adjacent to Kern County Human Services Lamont Office, Top Performing Dollar Tree, Subway, Metro PCS, Farmers Insurance, Lamont Physical Therapy
• Ideal household income of $52,464 within 1-mile perfectly positions CRLA for long term success to serve the legal needs of low-income residents within Lamont
• Lamont is the home base to a number of multi-generation farming operations that include Cal-Organic Farms, Kirschenman Farms, Grimmway Farms, and Sun
• Pacific among others
• 10-minute drive from Bakersfield: 410,000 population
• 140% population growth between 2010-2023
Location

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