Bakersfield, CA - USPS

Description:

SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a government-guaranteed, USPS investment property located in Bakersfield, California. The lease is guaranteed by the United States Government (S&P: AA+), ensuring unparalleled credit security. The United States Postal Service has demonstrated its long-term commitment to the site, having maintained operations at this location for over 56 years since 1968.

This asset underwent a substantial capital upgrade, which including a major roof replacement in 2019 The lease is structured as a NN lease with limited landlord responsibilities, presenting a rare, low-maintenance investment with a sovereign credit tenant. Strategically located at the signalized intersection of Kentucky Street and King Street, the property benefits from strong visibility and accessibility in a dense, infill urban setting. Positioned just off Highway 99 (29,500 VPD) and State Route 178 (69,000 VPD), the location allows seamless access to the greater Bakersfield region. The property is directly adjacent to the Renaissance at Baker, a newly developed 85-unit residential project, and is surrounded by a diverse mix of national retailers and institutional uses, including Home Depot, Lowe’s, Starbucks, Office Depot, CVS, McDonald’s, Food 4 Less, and El Pollo Loco. Additionally, the site is within walking distance of numerous educational institutions such as Bakersfield College, Washington Middle School, and St. Joseph’s Middle School, as well as Dignity Health Memorial Hospital and Kern Medical Center. This offering presents an exceptional opportunity to acquire a mission-critical USPS facility with sovereign credit and long-standing occupancy—all in one of California’s fastest-growing cities.