Skip to main content

Restaurant

Church's Chicken

1300 Brundage Ln, Bakersfield, CA 93304

Listing Price: $1,400,000

Tenant Name
Church's Chicken
Years Remaining On Lease
9.9
Guarantor
Franchisee Guarantee
Rentable SF
1,741
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.46

Investment Overview

Marcus & Millichap is pleased to present a Southern California absolute NNN fee-simple Church’s Chicken drive-thru opportunity in the City of Bakersfield, California. 1300 Brundage Lane presents investors with a long-term leased absolute NNN fee-simple lease guaranteed by an experienced 42-Unit franchisee Global Restaurant Hospitality Group, LLC. The “essential use” operator has just under 10 years remaining on their initial 13-year term with favorable 10 percent increases every five years through the term and options. The Church’s Chicken compromises of approximately 1,794 square feet of building situated upon two parcels which total 40,074 square feet of land, giving investors the opportunity for additional development. The subject property sits on a hard corner located near the signalized intersection of Brundage Lane and Chester Avenue, averaging over 26,000 vehicles passing by daily. The subject property also provides quick access to and from California State Route 58 (81,000 vehicles per day), a major highway serving the San Louis Obispo, Kern, and San Bernardino Counties as well as California State Route 99 (173,000 vehicles per day) stretching almost the entire length of the Central Valley. Due to its location the site benefits from several major daily market drivers, positioned adjacent to a Walgreens, Panda Express, Subway and across the street from Albertsons and McDonald’s, near Valley Plaza, a 1.17 million square feet shopping mall anchored by Target, Macy’s, Marshalls, Michaels, JCPenney, and Bakersfield Memorial Hospital (418 beds). Other Nearby National/Credit tenants include Costco, Home Depot, CVS, Vons, Aldi, Starbucks, Chipotle, Chick-fil-A, Raising Cane’s, and more, further increasing consumer draw to the subject area. The five-mile trade area is supported by a dense population of over 325,500 residents and an average household income of $62,465.

Investment Highlights

  • Just Under 10 years Remaining on Fee-Simple Absolute NNN Lease with Zero Landlord Responsibilities
  • Essential Use | Pandemic & Recession Resistant | Excellent 1031 Exchange Property
  • Attractive 10 Percent Increases Every Five Years | Healthy Hedge Against Inflation | Strong Operator
  • High Barrier to Entry Market in a Dense Retail Corridor | Large National/Credit Tenant Presence
  • Excellent Visibility with Ideal Access | Drive Thru Equipped | Additional Land for Development
  • Close Proximity to California State Route 58 & 99 (combined 254,000 Vehicles Per Day) | Valley Plaza Mall (1.17 Million Square Feet | Bakersfield Memorial Hospital (418 Beds)
  • Strong Five – Mile Demographics in Trade Area with Over 325,500 Residents | Average Household Income of $62,465

Exclusively Listed By

Financing By

Restaurant

Church's Chicken

Listing Price: $1,400,000

Tenant Name
Church's Chicken
Years Remaining On Lease
9.9
Guarantor
Franchisee Guarantee
Rentable SF
1,741
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.46

Investment Highlights

  • Just Under 10 years Remaining on Fee-Simple Absolute NNN Lease with Zero Landlord Responsibilities
  • Essential Use | Pandemic & Recession Resistant | Excellent 1031 Exchange Property
  • Attractive 10 Percent Increases Every Five Years | Healthy Hedge Against Inflation | Strong Operator
  • High Barrier to Entry Market in a Dense Retail Corridor | Large National/Credit Tenant Presence
  • Excellent Visibility with Ideal Access | Drive Thru Equipped | Additional Land for Development
  • Close Proximity to California State Route 58 & 99 (combined 254,000 Vehicles Per Day) | Valley Plaza Mall (1.17 Million Square Feet | Bakersfield Memorial Hospital (418 Beds)
  • Strong Five – Mile Demographics in Trade Area with Over 325,500 Residents | Average Household Income of $62,465

Investment Overview

Marcus & Millichap is pleased to present a Southern California absolute NNN fee-simple Church’s Chicken drive-thru opportunity in the City of Bakersfield, California. 1300 Brundage Lane presents investors with a long-term leased absolute NNN fee-simple lease guaranteed by an experienced 42-Unit franchisee Global Restaurant Hospitality Group, LLC. The “essential use” operator has just under 10 years remaining on their initial 13-year term with favorable 10 percent increases every five years through the term and options. The Church’s Chicken compromises of approximately 1,794 square feet of building situated upon two parcels which total 40,074 square feet of land, giving investors the opportunity for additional development. The subject property sits on a hard corner located near the signalized intersection of Brundage Lane and Chester Avenue, averaging over 26,000 vehicles passing by daily. The subject property also provides quick access to and from California State Route 58 (81,000 vehicles per day), a major highway serving the San Louis Obispo, Kern, and San Bernardino Counties as well as California State Route 99 (173,000 vehicles per day) stretching almost the entire length of the Central Valley. Due to its location the site benefits from several major daily market drivers, positioned adjacent to a Walgreens, Panda Express, Subway and across the street from Albertsons and McDonald’s, near Valley Plaza, a 1.17 million square feet shopping mall anchored by Target, Macy’s, Marshalls, Michaels, JCPenney, and Bakersfield Memorial Hospital (418 beds). Other Nearby National/Credit tenants include Costco, Home Depot, CVS, Vons, Aldi, Starbucks, Chipotle, Chick-fil-A, Raising Cane’s, and more, further increasing consumer draw to the subject area. The five-mile trade area is supported by a dense population of over 325,500 residents and an average household income of $62,465.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower