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4/11/25
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A NoCal-based private investor paid $4.7 mil for a 4.8k sf 7-Eleven gas station and convenience store property in downtown Bakersfield. The property, built in 2025, sits on just over an acre at 1629 California Ave, just west of Chester Ave.
The 7-Eleven still has 15 years remaining on its corporate-guaranteed absolute triple net lease. The seller, a Bakersfield-based private investor, was represented by Alexander Moore of SRS Capital Markets and Nick Frechou with Retail California.
“This asset garnered strong investor interest due to the new construction, long-term/zero landlord responsibility lease to 7-Eleven, an investment grade tenant and leader in the gas and convenience store space,” said Moore.
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