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Popeyes | Business + Real Estate 100 Chester Ave 1,479 SF Retail Building Bakersfield, CA 93301 $2,350,000 ($1,588.91/SF)
Investment Highlights
- SITE STILL OPEN AND OPERATIONAL. DO NOT DISTURB TENANT.
- Business + Real Estate Acquisition | Full Operational Control
- Freestanding Drive-Thru QSR in Dense Trade Area
- Prime Chester Avenue Corridor Location | High Visibility & Strong Traffic
- Strong Sales Performance With Continued Growth
- Located in a Growing, Diversified Bakersfield MSA
Executive Summary
Marcus & Millichap is pleased to offer a business + real estate acquisition opportunity in a high-traffic downtown corridor. The asset includes both the fee simple real estate and the operating Popeyes business, providing full control over operations, income, and long-term appreciation. The ±1,479 SF freestanding building features a drive-thru, strong street visibility, and a proven operational layout ideal for high-volume QSR performance.
The store generated about $1.41M in 2025 net sales, with consistent year-over-year growth and rising weekly averages, demonstrating durable demand and operational momentum. Normalized 2025 EBITDAR of $159,685 highlights meaningful upside for an owner-operator through operational efficiencies, cost management, and strategic revenue initiatives. An additional income stream from an onsite billboard lease provides supplemental yield.
Strategically positioned along Chester Avenue, a major north-south arterial connecting Downtown Bakersfield to State Route 99, the property benefits from strong commuter flow, dense daytime population, and proximity to government offices, medical facilities, and major civic anchors including Dignity Health Arena and Bakersfield High School. Surrounded by national retailers, service businesses, and established residential neighborhoods, the location captures a balanced mix of local residents, downtown employees, and regional commuters.
The store generated about $1.41M in 2025 net sales, with consistent year-over-year growth and rising weekly averages, demonstrating durable demand and operational momentum. Normalized 2025 EBITDAR of $159,685 highlights meaningful upside for an owner-operator through operational efficiencies, cost management, and strategic revenue initiatives. An additional income stream from an onsite billboard lease provides supplemental yield.
Strategically positioned along Chester Avenue, a major north-south arterial connecting Downtown Bakersfield to State Route 99, the property benefits from strong commuter flow, dense daytime population, and proximity to government offices, medical facilities, and major civic anchors including Dignity Health Arena and Bakersfield High School. Surrounded by national retailers, service businesses, and established residential neighborhoods, the location captures a balanced mix of local residents, downtown employees, and regional commuters.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,479 SF
Building Class
C
Year Built
1977
Price
$2,350,000
Price Per SF
$1,588.91
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
C-2
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Founded in New Orleans in 1972 by Al Copeland, the company began as a small fried chicken restaurant and later became known for a Louisiana-inspired approach to quick-service dining. The business serves fried chicken, chicken sandwiches, tenders, seafood, biscuits, desserts, and regional sides, with franchising forming a major part of the operating model. A broad restaurant network now supports service across the United States and international markets, and digital ordering, delivery, and franchise development remain part of the company's business mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-311-21-00-1 | Improvements Assessment | $864,884 |
| Land Assessment | $196,323 | Total Assessment | $1,061,207 |
Property Taxes
Parcel Number
010-311-21-00-1
Land Assessment
$196,323
Improvements Assessment
$864,884
Total Assessment
$1,061,207
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Popeyes | Business + Real Estate | 100 Chester Ave
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