01/12/2026
We are live in the The City of Bakersfield 📍
Two former Farmer Boys locations have hit the market, offering operators, investors, and 1031 buyers a chance to secure freestanding drive-thru real estate in a market that continues to outperform many major California metros on stability and liquidity.
Bakersfield retail vacancy remains in the low to mid 6% range, with availability only slightly higher. New retail construction is limited to roughly 0.5% of total inventory, and more than 90% of that space is already pre-leased. Over the past 12 months, retail sales activity has remained steady, with cap rates generally in the low to mid 7% range and pricing supported by daily-needs and service-oriented tenancy. Rent growth has been modest but positive at approximately 1% to 2%, reinforcing the market’s durability.
Both sites are fully built-out restaurant assets and well positioned for brands pushing growth within the State of California.
📍 5544 California Ave | Southwest Bakersfield
🔸 ±3,219 SF freestanding building on ±0.87 acres
🔸 Drive-thru and outdoor dining
🔸 28 parking stalls
🔸 Zoning C-2
🔸 Strong national co-tenancy and excellent access to Highway 99, Westside Parkway, and Stockdale Highway
📍 2617 Haley St | Central Bakersfield
🔸 ±3,275 SF freestanding building on ±0.73 acres
🔸 Drive-thru and outdoor dining
🔸 46 parking stalls
🔸 Zoning C-2
🔸 Direct access to Highway 178 and dense surrounding neighborhoods
Retail continues to be one of the most resilient asset classes for both operators and investors. These properties check the boxes on access, visibility, parking, and real infrastructure, making them compelling for expansion, repositioning, or long-term holds.
Both properties are available now.
Please reach out to discuss or to arrange a tour.
Lee & Associates-LA North/Ventura, Inc.
Lee & Associates - Central Valley
Amanda Brock
Chad J. Brock