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1583 State Highway 99
Gridley, CA 95948
Vacant former Rite Aid · Retail Property For Sale
Investment Highlights
- ±17,272 sq. ft. former Rite Aid with drive-through on ±1.3 acres
- Located on State Highway 99 with excellent visibility from all directions
- Butte County is California's most populous county north of Sacramento
- At the hard corner of a signalized intersection
- Traffic count of 29,744 vehicles per day (Highway 99/Magnolia Street)
- GC (General Commercial) zoning allows for a full range of retail, service, and office uses
Executive Summary
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.
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.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,272 SF
Building Class
B
Year Built
2006
Price
$2,300,000
Price Per SF
$133.16
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.19 AC
Zoning
GC - General Commercial
Parking
55 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
167’ on California 99
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Accent Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 010-190-033-000 | Improvements Assessment | $2,154,168 |
| Land Assessment | $2,009,680 | Total Assessment | $4,163,848 |
Property Taxes
Parcel Number
010-190-033-000
Land Assessment
$2,009,680
Improvements Assessment
$2,154,168
Total Assessment
$4,163,848
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