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- 37,160 SF retail center that is 100% leased to 11 tenants including Big Lots, Sally Beauty, GameStop, Metro PCS and Baskin Robbins.
- Conveniently located in northeast Bakersfield just south of the 178 freeway at the Mt. Vernon Avenue exit.
- Shadow Anchored by a Walmart Supercenter.
- Anchored by Big Lots, a publicly traded company with over 1,400 stores in 47 states and $5 billion in revenue.
- Attractive projected NOI growth rate of 3.7% annually over the next 10 years.
- Stable cash flow with 7 of the 11 tenants occupying their space for over 10 years.
- New financing projected to provide a leveraged return of 12.97%.
East Hills Plaza - Bakersfield, CA
2611 - 2673 Fashion Plaza, Bakersfield, California 93306
11 Number of Tenants
Asking Price : $8,000,000
Region : Southwest
Cap Rate : 7.61
NOI : $571,044
Occupancy : 100
Square Footage : 37,160 sf
Number of Tenants : 11
Investment Type : Stabilized
Property Type : Shopping Centers
Listing Type : For Sale