Chase Bank Leased Investment

Description:

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.

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