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Wells Fargo Bank 1309 N Chester Ave 6,400 SF of Retail Space Available in Bakersfield, CA 93308
HIGHLIGHTS
- N. Chester Avenue - approx. 11,000 cpd
- Inline Midblock Corner Building
- Ample Parking
- Pylon Signage
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,400 SF | Negotiable | $9.60 /SF/YR $0.80 /SF/MO $61,440 /YR $5,120 /MO | TBD |
1st Floor
The property is on the corner of N Chester Ave and E Minner Ave. Built in 1957, it has been a Wells Fargo bank for 30 years. The building is located near Meadows Airport and Amazon Fulfillment Center.
- Fully Built-Out as Standard Retail Space
- Prime corner location - N Chester and Minner
- Located near Meadows Airport
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,400 SF | Gross Leasable Area | 6,400 SF |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Bank | Parking Ratio | 3.13/1,000 SF |
| Total Space Available | 6,400 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 6,400 SF |
| Year Built | 1957 |
| Parking Ratio | 3.13/1,000 SF |
ABOUT THE PROPERTY
Former Wells Fargo Building. The property is on the corner of N Chester Ave and E Minner Ave. Built out as a bank, located near national chains such as Starbucks, Chase bank , AutoZone, and Dollar General. Easy access to major highways. Drive-thru included with high visible signage. Bakersfield is the #1 city in the country for agricultural production and is the #2 oil producing county in the nation • Near International Airport - The property is located directly next to Meadows Field Airport which recently underwent $50MM in renovations • Dense Population – There are nearly 135,000 people within a 3-mile radius • Nearby Industry – The property is within a few miles of Midway-Sunset Oil Field, the largest oilfield in California and the third largest in the United States • Abundance of Schools – Standard Elementary & Middle School are located directly across the street from the property, and North High School is located within a mile of the property. Collectively these schools have over 3,000 students • Property ideally positioned in a designated “Opportunity Zone” which is an incentive program for investors looking to minimize taxes on their capital gains
NEARBY MAJOR RETAILERS
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Wells Fargo Bank | 1309 N Chester Ave
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