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211 W East Avenue - Chico East Plaza - Raley's, Chico, CA

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211 W East Avenue - Chico East Plaza - Raley's

Chico, CA 95926-7202

(950.1 KB)

Property Type:Retail Sub Type:Supermarket Status:Existing Year Built:1999
Building Size:62,098 SF Land Area:6 AC (261,360 SF)
For Sale Price:$14,820,000 Price/SF:$238.66
Cap Rate:6.00 %
Parking:424 Surface spaces are available; Ratio of 6.07/1,000 SF Anchor Tenants:Raley's

Sale Notes:
The center is anchored by a high-volume Raley’s supermarket with sales trending up. The interior of the store was remodeled within the last five years. Raley’s is the dominant grocery chain in the region with over 120 stores, and is ranked the 138th largest private company by Forbes, with over $3.2 billion in annual revenue. With only three tenants, this investment offers relative ease of management. With strong sales and relatively low rent (base rent equates to less than 3% of sales), Raley’s is almost certain to exercise its renewal options. The pending new tenant is on a ten-year lease. Togos/Baskin Robbins has been a tenant since the center was developed in 1999.

Core Commercial
Mark S Denholm
(916) 274-4404 x103

John DuBois
(916) 274-4424

Jon Gianulias
(916) 274-4422 x102

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