Log In/Sign Up
Your email has been sent.
Black Bear Diner 1990 E 20th St 6,085 SF Retail Building Chico, CA 95928 $3,347,000 ($550.04/SF) 6% Cap Rate
Investment Highlights
- An absolute NNN single-tenant Black Bear Diner in Chico
- 10% rental increases during the primary term and option periods provide investors with a hedge against inflation
- Directly across from the center is a high performing Target – top 18% in the country per Placer.ai
- 14 years remaining in the primary term with three, 5-year options to extend the lease
- The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai
- Ideal positioning on the signalized, hard corner intersection of 20th Street & Forest Avenue – 34,610 VPD
Executive Summary
An absolute NNN Black Bear Diner with 14 years remaining in the primary term of the lease which features 10% rental increases every 5 years and three, 5-year options to extend the lease term. The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,085 SF
Building Class
B
Year Built
2022
Price
$3,347,000
Price Per SF
$550.04
Cap Rate
6%
NOI
$200,808
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.55 AC
Walk Score®
Very Walkable (75)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Black Bear Diner | 1990 E 20th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.