3797 Auburn St, Bakersfield, CA 93306

Property Description

Excellent location near Hwy 178 and Oswell Country Club Shopping Center has a good Tenant mix. Some of the Tenants are Farmers Insurance, Honey I'm Home, Tashes & Glam, Jiffy Lube, a Tire store and more. Both 3793 and 3797 are Leased to Potters House Christian Fellowship. The Tenant pays for PG&E and Janitorial. The Lessor pays Property Taxes, Insurance, & Owners Association Fees. The Lessee is paying $4,000 per month until 1-1-2025 when they have a 1 year option to extend at $5,000 per month until 1-1-2026 when they have an option to extend at $5,750 per month until 1-1-2027 when they have an option to extend at $6,500 per month until 12/31/2027 when the Lease terminates. The operating income is based on projected 2025.