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240 Chester Ave
Bakersfield, CA 93301
STNL O'REILLY AUTO PARTS · Retail Property For Sale
Investment Highlights
- Additional income from Bank of America ATM
- located in opportunity zone and site has additional land for development.
- located corner on ~18,000 Cars per day street
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,244 SF
Building Class
B
Year Built/Renovated
1965/1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
2.14 AC
Zoning
C
Parking
100 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
About 240 CHESTER AVE , BAKERSFIELD, CA 93301
This is an opportunity to purchase an 18,000 square-foot net leased offering in Bakersfield, California. The tenant has been in the location for over 20+ years and currently remaining on their lease with an increase in rent in 2023. The tenant has two additional 5-year options to renew with 8% increases at each option. The lease is corporately guaranteed by O’Reilly Auto Parts and calls for minimal landlord obligations. The site is strategically located in central Bakersfield, on a corner site of a major commercial thoroughfare that leads to downtown. The property also has a Bank of America drive-thru ATM kiosk which has a lease until October 31, 2022 with 2 additional 5-year options with 10% increases providing additional income.
Property Taxes
| Parcel Number | 010-250-19-00-2 | Improvements Assessment | $3,793,380 |
| Land Assessment | $2,366,400 | Total Assessment | $6,159,780 |
Property Taxes
Parcel Number
010-250-19-00-2
Land Assessment
$2,366,400
Improvements Assessment
$3,793,380
Total Assessment
$6,159,780
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