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Virtual Drive-By

Albertsons NNN

1044 Kern Street · Taft, CA 93268 · Grocery / Big Box

Asking price
$5,391,000
Cap rate
5.75%
NOI
$310,000

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Lease

Lease typeNNN
Term remaining7.8 yrs
Expiration04/2034
Rent bumps5% Increase at Beg. of the Last 3 (5-Year) Options
Options6 (5-Year)
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF43,056
Price / SF$125
Year built1985
Lot size3.37 ac
TypeGrocery Store
Days on market61

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​New 8-Year Extension | Corporate Guaranteed (NYSE: ACI)
  • ​NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • ​Grocery Anchor to Taft Hills Plaza (96K SF | 1.6M+ Annual Visits)
  • ​Built-In Consumer Base | Near Taft College | Bakersfield MSA

Property overview

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: ACI), Albertsons investment property located in Taft, California (Bakersfield MSA).​ The tenant, Albertsons LLC, recently extended its lease 8-years with 6 (5-year) options to extend, demonstrating their commitment to the site.​ The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor.​ The subject property has served as a grocery store since its opening in 1986.​ Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California.​ The subject property boasts strong store sales (contact agent for details).​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.