Approximately 47 acres of master planned development which includes retail shops, restaurants, office spaces, and hotel. Strategically located in the city of Delano; along Highway 99 corridor; approximately 30 miles north of Bakersfield. Largest retail center within the city of Delano; with major anchor store Walmart and Home Depot directly adjacent to the site.
DMP 1A Limited Partnership invested in the Delano Marketplace development project under YK America Regional Center. The Limited Partnership invested in the development and management of two commercial buildings which brought new job-creating enterprises to Delano Marketplace. The DMP 1A LP project is a mid-size retail establishment consisting of approximately 90,400 square feet and a hotel of approximately 67,931 square feet. It is a portion of the larger development known as the Delano Marketplace in Delano, California. Strategically located on the eastern portion of the site, the project enjoys freeway visibility and ease of access. As an adjacent development following the opening of the Walmart Superstore, DMP 1A LP retail and hotel will enjoy the foot and vehicular traffic generated by the retail giant.
DMP 1b Limited Partnership invested in the Delano Marketplace development project under YK America Regional Center. The Limited Partnership invested in the development and management of four commercial buildings which brought new job-creating enterprises to Delano Marketplace. The McDonald’s restaurant occupies Pad 2, which is located at the corner entry of the project. A second drive-thru is occupied by Taco Bell, and is located adjacent to McDonald’s. Located behind the front pads are two retail buildings that have attracted national as well as local businesses ranging from retail, office and food uses.
DMP 1c Limited Partnership invested in the Delano Marketplace development project under YK America Regional Center. The Limited Partnership invested in the development and management of five commercial buildings which brought new job-creating enterprises to Delano Marketplace. Pad 2 has been leased to Panda Express, and adjacent Pad 1 has been leased to Starbucks, Ono Hawaiian BBQ and Verizon Wireless. Three additional retail buildings are planned within this project area. These retail buildings are designed to attract national as well as local businesses ranging from retail, office and food uses.
DMP 1d Limited Partnership invested in the Delano Marketplace development project under YK America Regional Center. The Limited Partnership invested in the development and management of one commercial building which brought new job-creating enterprises to Delano Marketplace. Current tenants include Army Recruiting Center, ACE Cash Express, Western Dental and others. Located on the corner of Woollomes Ave and Garzoli Ave, Pad 4 is the most visible building as one approaches the Delano Marketplace project from Highway 99. The adjoining development that includes a Walmart Supercenter has brought superior tenants and increased revenue for this retail development.
The Delano Marketplace started construction in 2013 and the latest building finished construction in 2019. It is home to Walmart Supercenter, Ross Dress for Less, dd’s Discounts, Big 5 Sporting Goods, IHOP, Dollar Tree, Western Dental, Rue 21, Panda Express, Taco Bell, McDonalds and many more. It is located across the street from Home Depot and Maya Cinemas. In addition, the center welcomed the highly anticipated Hyatt Place Hotel in 2018, which was recently ranked as “Top Performing Hyatt Hotel in the Americas” in 2020 and 2021.
Property has long-term committed NNN leases. About 80% of Delano Marketplace is occupied by national credit tenants, 10% of the property is avaliable to lease, which can provide additional value and has a significant future upside.
With easy access and great signage visibility, the Delano Marketplace is conveniently located at Freeway 99 and Woolloomes Boulevard at the south end of Delano. The center is the retail hub for Delano with the greatest concentration of tenants between Bakersfield and Visalia. It attracts a large trade area, Delano strategically located between San Francisco, Fresno, Bakersfield and Los Angeles, makes it a natural industrial hub, and an important stop for travelers. Traffic count, traveling both North and South, on Highway 99 top over 126,000 cars per day.
Delano Market Place, located west of Freeway 99, experiences high traffic flow and a growing economy. Being in the Central Valley, Delano is one of the key agricultural regions in California. With the Central Valley producing about 8% of the nation’s agriculture valued at about 45 billion dollars, many large logistics centers and warehouses are within 35 mile radius of Delano. To name a few, Amazon Warehouse, Amazon Distribution Center and Wonderful Citrus (AKA Halos).
Kern County is located in the U.S. state of California. As of the 2010 census, the population was 839,631. Its county seat is Bakersfield.
Kern County comprises the Bakersfield, California, Metropolitan statistical area. The county spans the southern end of the Central Valley. Covering 8,161.42 square miles (21,138.0 km2), it ranges west to the southern slope of the Coast Ranges, and east beyond the southern slope of the eastern Sierra Nevada into the Mojave Desert, at the city of Ridgecrest. Its northernmost city is Delano, and its southern reach extends just beyond Lebec to Grapevine, and the northern extremity of the parallel Antelope Valley.
The county’s economy is heavily linked to agriculture and to petroleum extraction. There is also a strong aviation, space, and military presence, such as Edwards Air Force Base, the China Lake Naval Air Weapons Station, and the Mojave Air and Space Port.
The county is one of the fastest-growing areas in the United States in terms of pop- ulation.
City of Delano is the second largest city in Kern County and one of the fastest growing Metropolitan Statistical Area (MSA) in the United States. It is 30 miles north of Bakersfield, strategically located between San Francisco, Fresno, Bakersfield and Los Angeles makes it a natural industrial hub. Most importantly, the city cen- ter is intersected by Highway 99, a major north/south corridor for central California. This prime location gives the development site tremendous advantages with direct free- way access, visibility, and signage exposure from one of the state’s busiest highways.
