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Applebee's & IHOP Dual Brand Restaurant 2160 Feather River Blvd 4,998 SF Retail Building Oroville, CA 95965 $4,583,000 ($916.97/SF) 6% Cap Rate
Investment Highlights
- Hands Off Ownership with Annual Increases that Protect Long-Term Value
- Located Within Oroville’s Dominant Regional Retail Hub
- New Applebee’s + IHOP Dual Brand Location
Executive Summary
Two national brands and 20 years of control.
This Applebee’s + IHOP dual-brand restaurant sits in Oroville’s dominant retail corridor along Highway 70, surrounded by Walmart, Ross, Smart & Final, and other national retailers. Secured by a 20-year absolute NNN lease with annual rent increases and backed by a 53-unit Dine Brands franchisee, this recently remodeled 2025 prototype delivers true passive ownership in a high-traffic regional hub market.
This Applebee’s + IHOP dual-brand restaurant sits in Oroville’s dominant retail corridor along Highway 70, surrounded by Walmart, Ross, Smart & Final, and other national retailers. Secured by a 20-year absolute NNN lease with annual rent increases and backed by a 53-unit Dine Brands franchisee, this recently remodeled 2025 prototype delivers true passive ownership in a high-traffic regional hub market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,998 SF
Building Class
C
Year Built/Renovated
2008/2025
Price
$4,583,000
Price Per SF
$916.97
Cap Rate
6%
NOI
$274,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Frontage
400’ on Feather River Rd
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 035-240-092-000 | Improvements Assessment | $1,325,000 |
| Land Assessment | $675,000 | Total Assessment | $2,000,000 |
Property Taxes
Parcel Number
035-240-092-000
Land Assessment
$675,000
Improvements Assessment
$1,325,000
Total Assessment
$2,000,000
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Applebee's & IHOP Dual Brand Restaurant | 2160 Feather River Blvd
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