2151 Chester Ave Bakersfield, CA 93304-5243
- Retail space
- 11,960 SF
- 0.90 lot acres
Current Use by Public Records
- Family Dollar / Discount Supermarket / School Supply Store
Property Details for 2151 Chester Ave
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.90 lot acres
- Property size
- 11,960 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 166-113-03-00-1
- APU
- 16611303001
Description
This exceptional net-leased investment opportunity presents a 14,419 square foot Family Dollar convenience store and storefront located at 2151 S Chester Ave, Bakersfield, CA 93304. The property sits on a 2.1-acre lot with ample parking, including a steel shed added in 1980. The two buildings boast a strong performance history, with the tenant, Family Dollar (operating over 8,300 stores nationwide), having recently exercised their first option for lease renewal, securing a long-term corporate guarantee. Recent renovations include complete remodels in 2021 and 2023, and a new HVAC system installed in 2024. The property offers a compelling 6.41% cap rate with a current NOI of $96,150, and an asking price of $1,500,000. The property is zoned for mixed use, presenting potential for future expansion. Its prime location offers excellent visibility and accessibility, with proximity to the Bakersfield Municipal Airport and Kern County Fairgrounds, and numerous other retail establishments along Chester Avenue, including O'Reilly's, Ace Hardware, and Dollar General. This 100% occupied, single-tenant property represents a secure and potentially lucrative investment opportunity with significant upside potential. The property was built in 1956.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.016
- Latitude
- 35.3343
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
