1555 Mangrove Ave - Freestanding FOR SALE
Chico, CA 95926 |
$2,872,000 USD
844-585-7636
1555 Mangrove Ave
Chico, CA 95926
HIGHLIGHTS
- Single-Tenant Pep Boys Ground Lease (12 Bays): 6 Years Remaining on the Current Term
- Tenant Since 1996; History of Long-Term Success
- Corporate Ground Lease; Zero Landlord Responsibilities
- 2022 Exercise of Two 5-Year Options
- 10% Increases Every 5 Years
- Pep Boys Has Strong Industry Recognition With 850 Locations and $2.4 Billion in Annual Sales
FOR SALE DETAILS
PRICE
$2,872,000 USD
PRICE/SF
$158 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pep Boys | Chico, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.77 AC
LAND SF
77,101 SF
ZONING
C1
APN/PARCEL ID
003-413-030-000
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844-585-7636
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844-585-7636
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