40 Chester Avenue

40 Chester Avenue

Prime Commercial, Inc. is pleased to offer for sale 40 Chester Avenue in Bakersfield, California. This two-unit retail building totals 23,771 square feet and is situated on a 2.34-acre parcel of land. The building was constructed in 1968 and was completely remodeled and divided into two units in 1994. The property is 100% leased to Walgreens and Eurostar.

INVESTMENT HIGHLIGHTS
● 100% Leased to Walgreens and WSS
● Walgreens Corporately Guaranteed Lease (Standard & Poor’s Credit Rating of BBB) with a 25-Year Primary Term
● Ease of Management/NNN Leases
● Large Corner Lot with Drive Through Lane and Window Serving Walgreens
● Highly Visible Site with Excellent Ingress/Egress
● Fee Simple and Unencumbered Allows the Investor Attractive Financing Options
● Strong Demographic Profile with 124,401 Residents Within a 3 Mile Radius with and Average Household Income of $56,668

 

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