- For sale
Colliers Retail Capital Markets Team is pleased to present the fee simple sale of Ming & Wible Center, a 30,708 SF neighborhood retail center located directly across from the Valley Plaza Mall (140 specialty stores) which is the largest shopping destination in the San Joaquin Valley.
Ming & Wible Center is centrally located at the intersection of the 99 Freeway and Ming Avenue (187,144 VPD). Strategically situated along Bakersfield’s major retail corridor, Ming & Wible Center is surrounded by many of the largest retailers in the world which include Target, Macy’s, JCPenney, Apple, Forever 21, TJ Maxx, Ross, Marshalls, CVS Pharmacy and many others. Shadow anchored to the largest specialty and luxury-oriented retail destination in Bakersfield, this investment offering is currently 100% occupied by four long-standing, quality tenants including Big 5 Sporting Goods, Mattress Firm, Eyemart Express and The Corner Pocket.
Ming & Wible Center is an exceptional opportunity to acquire a stable cash flow with attractive growth in the revenue from fixed increases and is being offered free and clear of any debt. Combine this with historically low interest rates which will generate double digit leveraged returns for many years to come.