1990 E 20th St - Restaurant FOR SALE
Chico, CA 95928 |
1990 E 20th St
Chico, CA 95928
HIGHLIGHTS
- An absolute NNN single-tenant Black Bear Diner in Chico
- 14 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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Black Bear Diner
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
6085
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
-
