675 Manzanita Ct - Restaurant FOR SALE
Chico, CA 95926 |
$1,628,500 USD
925-388-0888
675 Manzanita Ct
Chico, CA 95926
HIGHLIGHTS
- NNN lease with 6.5 years remaining and 2, 5-year options | 5% increases every 5 years – 5.5% percentage rent of gross sales
- Low price point – management free asset, ideal for passive investor | Seasoned location with 53-year operating history
- Multi-unit franchisee operator – West Coast Diner Management, Inc | 1,341 Denny's locations throughout US – 363 in California
- Corner parcel with monument signage off Highway 99 – 68,217 vehicles per day | Located next to Double Tree Inn , Motel 6, and Super 8 by Wyndham
- Close proximity to Grocery Outlet, Trader Joes, Marshalls, PetSmart, Five Below, Dollar Tree, Cinemark Dutch Bros, Wendy's, Panda Express, 7-Eleven
FOR SALE DETAILS
PRICE
$1,628,500 USD
PRICE/SF
$384 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Denny's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1900
SPRINKLERS
-
PARKING SPACES
52
LAND DETAILS
LAND ACRES
0.77 AC
LAND SF
33,541 SF
ZONING
CITY
APN/PARCEL ID
006-240-019-000
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925-388-0888
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925-388-0888
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