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Turn-Key Restaurant and Bar - Downtown Chico 229 Broadway St 6,005 SF of Retail Space Available in Chico, CA 95928
HIGHLIGHTS
- 6,005 SF of interior space with 3,555 SF of front and rear patios
- Fully Remodeled in 2018
- Fully operational kitchen
- Turn-Key Restaurant and Bar
- Located in Downtown Chico with huge foot and traffic counts
- Liquor Licenses available
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 6,005 SF | 15’ | Negotiable | $27.22 /SF/YR $2.27 /SF/MO $163,456 /YR $13,621 /MO | Triple Net (NNN) |
1st Floor
6,005 SF of interior space with 3,555 SF of front and rear patio space
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Central Air Conditioning
- Kitchen
- Finished Ceilings: 15’
- Basement
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,005 SF | Gross Leasable Area | 6,005 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2018 |
| Property Subtype | Bar |
| Total Space Available | 6,005 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 6,005 SF |
| Year Built/Renovated | 1900/2018 |
ABOUT THE PROPERTY
Located in an absolutely ideal spot in Downtown Chico just steps from California State University, Chico, this restaurant and bar fronts onto Broadway between 2nd & 3rd Streets with prominent architecture, huge glass front entrance, and multiple heated patios. The property had a complete seven-figure remodel from the ground up in 2018 and is practically turn-key ready for an operator. The location can’t be beat as it sits in the core of Downtown Chico surrounded on all sides by the many retail, personal services, financial, and restaurant operators on the ground floor with office and residential users above. There are options for a tenant to purchase a user agreement for the existing Type 47 liquor license, the Type 58 caterer license, and all of the existing furniture, fixtures, and equipment. Downtown Chico has huge pedestrian counts supported by the 13,000+ students enrolled at CSU, Chico just two blocks away as well as the hundreds of businesses and swath of housing that surround the area. The downtown area has metered street parking (M-F 9am 6pm) as well as four street-level public parking areas and a three-story parking garage. Downtown Chico is also host to many year-round events including Thursday Night Market, Friday Night Concerts, Saturday Farmer’s Market, Taste of Downtown, Slice of Chico, Art & Wine Walk, Chico Live Concert Series, Harvest Sidewalk Sale, ARTober Fest, Christmas Preview, Ice Rink in the Plaza, and many more.
- Skylights
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Turn-Key Restaurant and Bar - Downtown Chico | 229 Broadway St
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