| Purchase Price | $30,000,000 |
|---|---|
| Annual Rental Income | $1,800,000 |
| Cap Rate | 6.00% |
| Lease Term | 15 Years |
| City | Bakersfield |
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Walmart Supercenter – Bakersfield, California (Bakersfield MSA)
The Walmart Supercenter located in Bakersfield, California, represents a premier opportunity for investors to acquire a single-tenant net-leased property backed by one of the most dominant and creditworthy corporations in the world: Walmart Inc. Situated in the heart of California’s Central Valley, this location benefits from exceptional real estate fundamentals, long-term tenancy, and passive cash flow secured by an AA-rated corporate guarantor.
Bakersfield is one of California’s most strategically positioned cities, serving as a transportation, agricultural, and energy hub for the state. The city is a critical regional nexus between Southern and Northern California and is experiencing continued growth in population, residential construction, and industrial expansion. The Walmart Supercenter in this market is a key anchor in the community, serving a wide-ranging demographic that includes families, blue-collar workers, commuters, and retirees. Its location is essential to Walmart’s mission of providing affordable, accessible retail and grocery services across America’s growing secondary markets.
With a long-term net lease and corporate backing from Walmart Inc., this property offers a compelling blend of security, simplicity, and long-term upside in one of the state’s highest-velocity tenant markets.
Tenant Overview – Walmart Inc.
Walmart Inc. is the world’s largest retailer by revenue and one of the most reliable tenants in the commercial real estate sector. The company operates over 10,500 stores in more than two dozen countries, including approximately 4,600 locations in the United States. Walmart generated more than $600 billion in annual revenue and continues to lead in both brick-and-mortar and online retail.
Key attributes:
Walmart Supercenters are the company’s flagship format and typically include:
Walmart has built a strong reputation for maintaining occupancy at its Supercenter locations for decades. Its site selection strategy prioritizes demographic durability, long-term growth markets, and logistical efficiency. Bakersfield is aligned with all three.
Lease Structure – Corporate Net Lease
This property benefits from a long-term, net lease with Walmart Inc., structured to ensure predictable, low-maintenance income for the landlord. Typical net lease characteristics include:
This structure makes the investment highly attractive for 1031 exchange buyers, institutional investors, and passive income-seeking portfolios. Walmart’s high renewal rates and long-term site control strategies further enhance the security of ownership.
Market Overview – Bakersfield, CA (Bakersfield MSA)
Bakersfield is the county seat of Kern County and one of the fastest-growing cities in California. Strategically located at the southern end of the San Joaquin Valley, Bakersfield serves as a critical transportation and logistics corridor between Los Angeles and the Central/Northern California regions. The city offers a cost-effective alternative to coastal markets, both for businesses and residents.
Core economic drivers:
Bakersfield has become a popular destination for individuals and families relocating from the more expensive Los Angeles area. This has resulted in steady growth in home construction, retail development, and demand for essential services, particularly from large-format retailers like Walmart.
Demographics and Consumer Base
The Walmart Supercenter in Bakersfield serves a vast and growing trade area. Within a 5-mile radius:
The demographics of Bakersfield strongly support Walmart’s product offerings and operating model. The Supercenter draws consistent traffic from both permanent residents and transient laborers, including workers from surrounding agricultural and industrial operations. The area’s reliance on Walmart as a central retail provider creates high tenant stickiness and long-term performance security.
Property Overview – Walmart Supercenter Prototype
This Walmart Supercenter location includes all the features typical of a high-performing store:
The property benefits from proximity to freeways, high-traffic intersections, schools, and residential neighborhoods. Walmart’s presence often catalyzes growth in nearby retail and service sectors, increasing the long-term value of surrounding real estate.
Walmart’s National Strategy – Future-Proof Retail
Walmart has evolved from a traditional retailer into a modern omnichannel commerce platform. Its strategy is built on integrating physical stores with digital capabilities. Key initiatives include:
These innovations ensure Walmart Supercenters will remain relevant in both the physical and digital shopping worlds. As consumer behavior shifts, Walmart’s adaptability allows it to continue meeting demand efficiently and affordably.
Investment Highlights
Conclusion
The Walmart Supercenter in Bakersfield, California is a best-in-class net lease investment opportunity backed by one of the most financially sound and operationally efficient companies in the world. The property’s location in a high-demand, working-class community—coupled with a lease guaranteed by Walmart Inc.—makes this asset an outstanding option for investors seeking secure income and long-term stability.
Bakersfield’s growing population, economic diversity, and role as a Central Valley logistics hub only enhance the strength of the investment. As Walmart continues to expand its offerings and transform Supercenters into multi-service destinations, locations like this one will remain mission-critical for the company’s long-term strategy.