1990 E 20th St - Restaurant FOR SALE


Chico, CA 95928
$3,347,000 USD
650-678-7200
1990 E 20th St, Chico, CA for Sale
$3,347,000 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

1990 E 20th St
Chico, CA 95928


HIGHLIGHTS

  • An absolute NNN single-tenant Black Bear Diner in Chico
  • 15 years remaining in the primary term with three, 5-year options to extend the lease
  • 10% rental increases during the primary term and option periods provide investors with a hedge against inflation
  • The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai
  • Directly across from the center is a high performing Target – top 18% in the country per Placer.ai
  • Ideal positioning on the signalized, hard corner intersection of 20th Street & Forest Avenue – 34,610 VPD

OVERVIEW

An absolute NNN Black Bear Diner with 15 years remaining in the primary term of the lease which features 10% rental increases every 5 years and three, 5-year options to extend the lease term. The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai.

FOR SALE DETAILS

PRICE

$3,347,000 USD

PRICE/SF

$550 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Bear Diner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.