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Chico Shops 212-222 W. 2nd St. & 132-136 Broadway 12,940 SF 100% Leased Retail Building Chico, CA 95928 $3,763,212 ($290.82/SF) 7.75% Cap Rate

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EXECUTIVE SUMMARY

Reduced Price on these unique high performing shops priced at a very desirable 7.75% cap rate with scheduled rent increases. This hard corner location is at an intersection with high foot & vehicle traffic approximately 1-1.5+- blocks from Chico State University Campus. This 12,940+- SF asset comprises 8 units, all operating at full occupancy, providing a steady stream of income for potential investors. All 8 tenants have a long history of occupancy having exercised multiple option extensions or signed new leases. Designed to appeal to Retail & Office Building investors, this property promises stability and growth potential in a thriving commercial environment. Its ideal location and reliable tenant base make it a prime addition to any real estate portfolio, offering a secure and lucrative investment for those seeking long-term value in the retail & office sector. This is a rare chance to acquire a high-performing asset in a prime location.

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PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
12,940 SF
Year Built
1910
Price
$3,763,212
Price Per SF
$290.82
Cap Rate
7.75%
NOI
$291,649
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.50
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
DN
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (95)
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
Bank of America
Golden 1 Credit Union
Chase Bank
U.S. Bank
Tri Counties Bank
Dutch Bros
Safeway
Jazzercise
9Round

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
004-052-007-000
Land Assessment
$510,469
Improvements Assessment
$1,023,890
Total Assessment
$1,534,359
  • Listing ID: 35267051

  • Date on Market: 3/26/2025

  • Last Updated:

  • Address: 212-222 W. 2nd St. & 132-136 Broadway, Chico, CA 95928

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