376 Main St - Storefront FOR SALE


Chester, CA 96020
$2,999,950 USD
408-461-0262
376 Main St, Chester, CA for Sale
$2,999,950 USD
Storefront - FOR SALE
1/20
null | 5.83% Cap Rate

376 Main St
Chester, CA 96020


HIGHLIGHTS

  • 376 Main Street presents the chance to acquire a one-story storefront building anchored by leading discount retailer Dollar General.
  • Surrounding retailers, dining, and services include Lola's, Ace Hardware, Sunshine Flowers florist, Ranch House, and Best Western.
  • Value-add opportunity for the new owner to fill the vacant 3,633-SF restaurant space formerly occupied by the Lake Almanor Tavern.
  • 376 Main Street is in the heart of Chester, a small town located at the base of Lassen Peak near the shores of Lake Almanor.
  • Conveniently located on Main Street, this property receives great visibility from 5,442 vehicles passing daily.

OVERVIEW

376 Main Street comprises a multi-tenant 15,786-square-foot storefront building for sale in Chester, California. This single-story property was remodeled in 2013 and has minimal landlord responsibility. Presenting a value-add opportunity, the site has a 3,633-square-foot vacancy formerly used as a barbecue restaurant. Additionally, 376 Main Street houses a 12,153-square-foot Dollar General with eight years left on the lease and the potential for renewal at the end of the term. Dollar General is a leading discount retailer with over 16,000 stores in 44 states. The company remains true to the founding family's humble hard work ethic and commitment to friendly customer service. 376 Main Street is directly off Main Street/Highway 36, the primary thoroughfare for residents and tourists traveling throughout Chester. Many local attractions, lodging accommodations, and amenities surround the centrally located property, providing convenience to out-of-town visitors and residents checking items off their to-do lists. Chester is a quaint Northern California town located on the shores of Lake Almanor in the shadow of the Lassen Peak volcano dome. This lavish community encompasses breathtaking meadows, forests, and streams. The area within a 5-mile radius of 376 Main Street has a population of 2,378 residents with an average household income of $96,195 annually.

FOR SALE DETAILS

PRICE

$2,999,950 USD

PRICE/SF

$190 USD /SF

CAP RATE

5.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C2

APN/PARCEL ID

100-104-002-000

ASK ABOUT THIS PROPERTY

Dan GluhaichIntero Real Estate SvcMore Info
408-461-0262

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Dan GluhaichIntero Real Estate SvcMore Info
408-461-0262

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