1583 State Highway 99 - Drug Store FOR SALE


Gridley, CA 95948
$2,300,000 USD
916-505-0524
1583 State Highway 99, Gridley, CA for Sale
$2,300,000 USD
Drug Store - FOR SALE
1/7
null | Request Cap Rate

1583 State Highway 99
Gridley, CA 95948


HIGHLIGHTS

  • ±17,272 sq. ft. former Rite Aid with drive-through on ±1.3 acres
  • At the hard corner of a signalized intersection
  • Located on State Highway 99 with excellent visibility from all directions
  • Traffic count of 29,744 vehicles per day (Highway 99/Magnolia Street)
  • Butte County is California's most populous county north of Sacramento
  • GC (General Commercial) zoning allows for a full range of retail, service, and office uses

OVERVIEW

As exclusive advisor CBRE, Inc. is pleased to offer for sale a ±17,272 sq. ft. former Rite Aid Drug Store on ±1.3 acres (per Assessor’s roll) in Gridley, California. This offering provides an investment opportunity in Butte County. The most likely investment scenario would be stabilizing the Subject within its existing physical envelope either through a sale to an owner-occupant or a lease. Expressions of interest should be submitted to Randy Getz whose contact information appears at the beginning of the offering memorandum.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant former Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

GC

APN/PARCEL ID

010-190-033-000

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

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Randy GetzCBRE, Inc.More Info
916-505-0524

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