Marcus & Millichap is pleased to offer a business + real estate acquisition opportunity in a high-traffic downtown corridor. The asset includes both the fee simple real estate and the operating Popeyes business, providing full control over operations, income, and long-term appreciation. The ±1,479 SF freestanding building features a drive-thru, strong street visibility, and a proven operational layout ideal for high-volume QSR performance. The store generated about $1.41M in 2025 net sales, with consistent year-over-year growth and rising weekly averages, demonstrating durable demand and operational momentum. Normalized 2025 EBITDAR of $159,685 highlights meaningful upside for an owner-operator through operational efficiencies, cost management, and strategic revenue initiatives. An additional income stream from an onsite billboard lease provides supplemental yield. Strategically positioned along Chester Avenue, a major north-south arterial connecting Downtown Bakersfield to State Route 99, the property benefits from strong commuter flow, dense daytime population, and proximity to government offices, medical facilities, and major civic anchors including Dignity Health Arena and Bakersfield High School. Surrounded by national retailers, service businesses, and established residential neighborhoods, the location captures a balanced mix of local residents, downtown employees, and regional commuters.