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1740 Bruce Rd 8,360 SF Office Building Chico, CA 95928 $4,173,000 ($499.16/SF) 6% Cap Rate
Investment Highlights
- 5.9 Years Remaining on a NNN Lease with Enloe Health Pediatric and Wellness Center
- Imidiate Proximity to the brand new Enoe Health Cancer Treatment Center Scheduled to open in Mid 2026
- 2% Annual Increases
Executive Summary
The offering presents the opportunity to acquire Enloe Health & Wellness Pediatrics, a
single-tenant outpatient medical facility located within Meriam Park, Chico’s premier
master-planned medical and professional submarket. Within close proximity of the new Enloe Health Cancer Treatment Center.
The property is leased to Enloe Medical Center, the dominant nonprofit healthcare
provider serving Butte County and the surrounding Northern Sacramento Valley. The
lease commenced in December 2024 and provides a newly executed income stream
supported by an essential outpatient pediatric use.
The asset benefits from a NNN lease structure, predictable annual rent increases, and
positioning within a supply-constrained medical submarket anchored by Enloe’s broader
healthcare investment. The offering is well suited for private healthcare investors
seeking stable income backed by a regional healthcare operator, with manageable lease
complexity and long-term tenancy potential through extension options.
single-tenant outpatient medical facility located within Meriam Park, Chico’s premier
master-planned medical and professional submarket. Within close proximity of the new Enloe Health Cancer Treatment Center.
The property is leased to Enloe Medical Center, the dominant nonprofit healthcare
provider serving Butte County and the surrounding Northern Sacramento Valley. The
lease commenced in December 2024 and provides a newly executed income stream
supported by an essential outpatient pediatric use.
The asset benefits from a NNN lease structure, predictable annual rent increases, and
positioning within a supply-constrained medical submarket anchored by Enloe’s broader
healthcare investment. The offering is well suited for private healthcare investors
seeking stable income backed by a regional healthcare operator, with manageable lease
complexity and long-term tenancy potential through extension options.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,360 SF
Building Class
B
Year Built
2022
Price
$4,173,000
Price Per SF
$499.16
Cap Rate
6%
NOI
$250,380
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,360 SF
Building FAR
0.46
Lot Size
0.42 AC
Zoning
TND - Traditional Neighborhood Development
Parking
41 Spaces (4.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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1740 Bruce Rd
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