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2309 Niles St, Bakersfield, CA, 93306

Vallarta Supermarkets
Closed

Key Information

Tot. SF
31,230
Year Built
1967/R 2010
Type
Shopping Centers

Highlights

  • Consistent, Passive Income Stream: The absolute NNN fee simple structure provides reliable, passive income with zero landlord responsibilities.
  • High-Performing Location: This store ranks as the 14th best-performing Vallarta in the chain attracting an average of 40,677 monthly visitors according to AlphaMaps.
  • Ideal Demographics: Bakersfield’s Hispanic population makes up 53.6% of residents, an ideal customer base for Vallarta’s specialty grocery format.
  • High-Visibility Location: Positioned at the intersection of Niles St and Mt Vernon Ave, a signalized intersection where the property enjoys excellent visibility and accessibility with strong vehicle traffic (±22,500 VPD).
  • Recession-Resistant Tenant: Vallarta Supermarkets, a leading regional grocer with 60+ California locations, is a proven anchor tenant providing stable, recession-resistant income and consistent customer traffic.
  • Investor-Friendly Market: Bakersfield’s population has grown to more than 418,000, with Kern County posting above-average economic growth, supporting rising retail demand and long-term fundamentals.
  • First Time on Market in Nearly 15 Years: Tenant recently exercised a new 5-year lease extension, demonstrating commitment to the site.
  • Strong Tenant Mix: The center includes reputable national and regional tenants such as Popeyes and Metro by T-Mobile, providing a diverse tenant mix that appeals to the surrounding community.
  • Established Retail Destination: The ±49,956 SF center serves as a well-trafficked neighborhood shopping hub for the area, benefiting from strong local demand and repeat customer visits.
  • Dense and Growing Demographics: The surrounding area has a dense population base with 239,116 residents within a 5-mile radius, supporting sustained retail demand and long-term investment stability.

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Agents

Financing Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245