2010 Business Ln
Chico, CA 95928
Red Lobster · Retail Property For Sale

This Red Lobster is located at 2010 Business Lane in Chico, California. Chico is the most populous city in Butte County and is considered a cultural, economic and educational center of the northern Sacramento Valley. Surrounding Retail and Points of Interest The subject property is well-positioned in a dense retail corridor just east of several residential neighborhoods and subdivisions. Located across the street from Chino Mall, an 80-retailer shopping center, the Red Lobster is less than 5 minutes away from numerous major national tenants including Walmart, Coscto, Target, Best Buy, Panera Bread, Applebee’s, Barnes & Noble, Starbucks, Chipotle and many more. The Sierra Nevada Brewing Co. headquarters and primary brewery is located just under a mile away. It is currently the 3rd largest craft brewing company in the U.S. California State University, Chico (Chico State), is a 17,557-student public university ten minutes away. Highway 99 also provides easy access to nearby cities including Sacramento and San Francisco. Traffic Counts and Demographics Chico has approximately 63,000 individuals residing within a three-mile radius of the property and more than 99,000 within a five-mile radius. The Red Lobster property is located on Business Lane, which connects to E 20th Street. E 20th Street has daily traffic counts of approximately 20,931 vehicles. Nearby Highway 99 has daily traffic counts of roughly 60,554 vehicles. Chico, California The City of Chico was founded in 1860 by General John Bidwell and incorporated in 1872. Since then, it has grown to over 33 square miles with a population close to 100,000 people. Chico is known as a well-managed city that values quality infrastructure and services as it has developed into a vibrant regional center for business, recreation and cultural activities. There are also many recreational opportunities in and around Chico. Bidwell Park, one of the largest municipally owned parks in the nation (3,670 acres), is the focal point of the City's park system and offers numerous trails for outdoor use. Chico has seen once-small businesses grow into iconic brands. R.W. Knudsen juices acquired by Smuckers and Build.com acquired by Wolseley plc. both continue to operate in Chico. Chico has distinct economic centers and opportunity areas to accommodate industry, commercial and retail expansion and location. Additionally, there are many locations for small commercial, professional, retail, service and medical offices throughout the neighborhoods in Chico.