2050 White Ln - Bank FOR SALE


Bakersfield, CA 93304- Wible Orchard
$3,201,000 USD
760-610-3147
2050 White Ln, Bakersfield, CA for Sale
$3,201,000 USD
Bank - FOR SALE
1/5
null | 4% Cap Rate

2050 White Ln
Bakersfield, CA 93304
Wible Orchard


HIGHLIGHTS

  • Net Leased free standing drive thru Chase Bank pad with very low rent factor of $2.34 SF/Mo.
  • Out parcel to high volume Superior Grocers anchored shopping center near 99 Freeway – future redevelopment potential.
  • Branch deposits as of March 2025 per Bankfind Web site are approximately $273 million.

OVERVIEW

The CBRE team is pleased to present a rare investment opportunity: the acquisition of an exceptional single-tenant NNN Chase Bank asset prominently situated in Bakersfield, California. The lease for this property is backed by a strong anchor tenant, Chase Bank, with a very low rent factor of $2.34 SF/Mo. The building was constructed over twenty years ago in a prime location, as an out parcel to a high-volume Superior Grocers, near the 99 Freeway on White Lane. The property operates under a double net lease with minimal landlord responsibilities. Situated in an established retail trade area, the property benefits from a prime location with high visibility and accessibility. The surrounding area boasts a population of 125,356 within a five-mile radius, with a projected annual growth rate of 1.41% over the next five years. The nearby 99 Freeway provides easy access to major highways and a high volume of foot traffic. This Chase Bank is a well-established and financially stable location, with branch deposits of approximately $273 million (as of March 2025). This provides a strong foundation for the property's financial performance and stability.

FOR SALE DETAILS

PRICE

$3,201,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C-2

APN/PARCEL ID

405-330-30-00-4

ASK ABOUT THIS PROPERTY

760-610-3147

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760-610-3147

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