Cap Rate: 5.15%
Year Built: 1994
The subject property is a 50,969 square foot Albertsons located in the heart of Tehachapi, CA. Albertsons is operating on a new 20 year lease with 4 five year options. The site is well situated on a major commercial thoroughfare. Neighboring retailers include Walmart Supercenter, Dollar Tree, Walgreens, Rite Aid, McDonald’s, and several others.
Tehachapi is city in the Tehachapi Mountains of southern California. Northwest, a viewpoint overlooks the Tehachapi Loop, a long, spiral section of railway track. In town, the Tehachapi Depot Railroad Museum has antique railroad tools and signs. The Tehachapi Museum tells the story of the city’s early settlers and includes natural history exhibits. Nearby, the Errea House Museum contains early-1900s furnishings.