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Pep Boys | Chico, CA 1555 Mangrove Ave 18,196 SF 100% Leased Retail Building Chico, CA 95926 $2,872,000 ($157.84/SF) 6% Cap Rate

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Investment Highlights

  • Single-Tenant Pep Boys Ground Lease (12 Bays): 6 Years Remaining on the Current Term
  • Corporate Ground Lease; Zero Landlord Responsibilities
  • 10% Increases Every 5 Years
  • Tenant Since 1996; History of Long-Term Success
  • 2022 Exercise of Two 5-Year Options
  • Pep Boys Has Strong Industry Recognition With 850 Locations and $2.4 Billion in Annual Sales

Executive Summary

Below-Market Rent | 1.77-Acre Parcel | Corporate Lease

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,196 SF
Building Class
C
Year Built
1996
Price
$2,872,000
Price Per SF
$157.84
Cap Rate
6%
NOI
$172,354
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.77 AC
Zoning
C1
Parking
60 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
298’ on Mangrove Ave

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Manufacturing
  • -
  • -
  • -

In 1903, out of a small shed in Milwaukee, Wisconsin, four young men lit a cultural wildfire that would grow and spread across geographies and generations. Their innovation and imagination for what was possible on two wheels sparked a transportation revolution and lifestyle that would make Harley-Davidson the most desirable motorcycle and lifestyle brand in the world. Today, they continue to define motorcycle culture and lifestyle, evoking soul-stirring emotion reflected in every product and experience they deliver - like they have for well over a century and will for generations to come.

  • Retailer
  • -
  • -
  • -

One hundred years ago, Navy buddies with a passion for cars set out to make a living. In the process, they helped invent the automotive aftermarket - driven by the belief that the key to business is always doing right by your customer. Manny, Moe and Jack are a big part of the story, but there are thousands of others, who also went further for their customers and communities, to thank for Pep Boys’ success. Let’s take a road trip through the decades and check out the people and cultural changes that forged a brand lasting a century and counting. The year is 1921. The place: Philadelphia. Today a dramatic change is already in motion. More vehicles are on the road driving more miles than ever, the average age of the car keeps steadily increasing, electric & hybrid cars are here, self-driving cars are on the horizon, and technology has made cars more complicated to repair.

Tenant Industry SF Occupied Rent/SF Lease End
Manufacturing - - -
Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 10,010 SF
  • Retail
  • -
  • 30 Days
Space Size Space Use Position Available
1st Floor 10,010 SF Retail - 30 Days

1st Floor

Size
10,010 SF
Space Use
Retail
Position
-
Available
30 Days
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
9Round
Bank of Montreal
Storagepro
Columbia Bank
Tri Counties Bank
Bank of America
The Habit Burger Grill
Buffalo Wild Wings
Safeway

Property Taxes

Property Taxes

Parcel Number
003-413-030-000
Land Assessment
$376,701
Improvements Assessment
$2,219,492
Total Assessment
$2,596,193
  • Listing ID: 39545897

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 1555 Mangrove Ave, Chico, CA 95926

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