1516 Highway 99 11,000 SF 100% Leased Retail Building Gridley, CA 95948 $3,045,000 ($276.82/SF) 7% Cap Rate

River Valley Plaza is an approximately 11,000-square-foot, multi-tenant retail strip center located in Gridley, California. The property is strategically positioned along Highway 99, offering excellent visibility and exposure in the heart of the city. Traffic counts along this corridor exceed 22,000 vehicles per day, providing strong daily consumer exposure.
The property is 100% occupied by six diversified, service-oriented tenants with established brick-and-mortar operations. The tenancy is predominantly triple-net (NNN), with the exception of Gridley Physical Therapy, which operates under a gross lease. In addition to the in-line retail income, the property benefits from supplemental revenue generated by a Bank of America ATM kiosk located within the parking lot.
Constructed in 2005, River Valley Plaza has demonstrated a history of strong and stable occupancy. Three anchor tenants, Round Table Pizza, Gridley Physical Therapy and Edward Jones, collectively occupy 55.3% of the total rentable area and have been operating at the center since original construction. Los Charros Taqueria occupies two suites totaling 2,640 square feet, representing 24% of the center, and has operated at the property since 2011. H&R Block, occupying 10.9% of the building, commenced its lease in 2012. The most recent lease execution occurred in 2018 with Kut’s Kocky Barber, which occupies 9.8% of the property. The Bank of America ATM kiosk, installed in 2015, provides an additional $14,400 in annual income.
The City of Gridley is a strategically located and community-oriented city in Butte County, California, positioned directly on State Route 99 — a major north-south transportation corridor in the Central Valley. This prime location provides convenient access to broader regional markets, with Sacramento approximately 60 miles to the south, Yuba City about 20 minutes south, and Chico roughly 27 miles north, making Gridley an attractive base for residents and businesses alike seeking connectivity to larger employment and service centers while enjoying small-town living.
Gridley is home to a population of roughly 7,300 residents, with a demographic profile that includes a balanced mix of families, professionals, and retirees, and a trend of steady growth and revitalization over recent years. The local economy benefits from its agricultural heritage, steady consumer base, and positioning in a region with strong labor market linkages. Residents and visitors enjoy access to an array of outdoor and recreational opportunities, including local parks, hunting and fishing in the Sacramento Valley, proximity to the Sutter Buttes, and nearby lakes and waterways such as Lake Oroville and the Feather River.
Looking ahead, Gridley has proactively planned for future growth. The City’s 2030 General Plan and housing element updates focus on balanced development, including expanded residential neighborhoods, diversified housing stock, and integrated commercial uses, reinforcing the City’s long-term vision for sustainable expansion. Regional planning forecasts suggest that Gridley could experience significant population increases over the next two decades, with projections illustrating growth of up to approximately 30% by 2045 under moderate scenarios, driven by new housing developments and broader regional expansion trends.