•	New 15-year lease with 4 (5-year) option periods to extend
•	Corporate Guaranty – 7-Eleven, Inc., the largest retailer in the world with an A credit rating from Standard & Poor’s
•	10% rental increases every 5 years

Offering Memorandum

•	Signalized hard corner intersection of California Ave and H St with a combined 50,500 vehicles passing by daily
•	California Ave is a major East-West thoroughfare in Bakersfield with direct on-ramp connection Highway 99 (154,000 CPD), and connecting to Highway 204 (52,500 CPD)
•	Excellent visibility and multiple points of ingress/egress
•	The subject property is located adjacent to Downtown Bakersfield, the central business district of the city that has +5.3 million SF of office, and contains several of the city’s major theaters, sports complex, museums, hospitals, and historical landmarks
•	Including: Mechanics Bank Arena, Theater, and Convention Center (10,000 capacity), Maya Cinemas, Dignity Health Memorial Hospital, & the Padre Hotel 
•	All Government Offices located in Downtown: City Hall, Kern County Superior Court, Mayor’s Office, City Council, Police Department, Public Works, Building Department, Kern County Public Library, Kern County Administrative, among others

Bakersfield, CA - 7-Eleven

Retail California

Nick Frechou

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Ivy Kwon

Senior Marketing Associate

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Bakersfield, CA - 7-Eleven

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Alexander Moore

Nick Frechou