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2345 - 2461 N Chester Avenue - Chester Loop Center - Chester Loop Center, Bakersfield, CA

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2345 - 2461 N Chester Avenue - Chester Loop Center - Chester Loop Center

NWC N Chester Ave & China Grade Loop
Bakersfield, CA 93308 - North Bakersfield Submarket

Property Type:Retail Sub Type:Storefront Status:Existing , Renov 2008 Year Built:1977
Building Size:87,803 SF Land Area:9 AC (392,040 SF)
For Sale Price:$12,450,000 Price/SF:$141.79
Cap Rate:6.37 %
Parking:407 Surface spaces are available; Ratio of 4.3/1,000 SF Anchor Tenants:Autozone

North Bakersfield shopping center. Tenants include Vons, Taco Bell, Auto Zone, Pizza Hut and Subway.

Sale Notes:
SRS Real Estate - Investment Sales is pleased to present the rare opportunity to acquire the Chesterloop Shopping Center, a highly successful grocery anchored community center in the continually growing community of Bakersfield, CA. Tenants within the center include: Vons, Dollar General, Pizza Hut, Taco Bell, Auto Zone, Subway, Bank of America, and more. The center is considered to be one of the strongest performing in Bakersfield with consistently strong sales and traffic. It has also enjoyed historically high occupancy with the anchor Vons store having successfully operated at this site for nearly 40 years.

The Chesterloop Shopping Center is strategically located at the signalized hard corner intersection of N. Chester Avenue and W. China Grade Loop with over 21,500 vehicles passing by each day. The property located within one (1) mile from Meadows Field Airport with over 250,000 travelers annually. The center is well maintained and is situated in a prime dense in-fill location where it serves as a daily needs grocery anchored center. The surrounding area is home to more than 151,103 residents with an average household income of $57,385 within 5-miles of the subject property.

SRS National Net Lease Group
John Redfield
(949) 698-1113

Christopher W Tramontano
(949) 698-1112

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