2315 Esplanade | Chico, CA 95926
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- LoopNet Team
2315 Esplanade
Chico, CA 95926
Absolute Net Leased La-Z-Boy in Retail Hub · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Discover a profitable net lease investment opportunity with the acquisition of 2315 Esplanade, an established La-Z-Boy retailer.
- 2315 Esplanade presents new ownership with the ultimate passive income, yielding a stable NOI and minimal landlord responsibilities.
- 2315 Esplanade features a showroom, warehouse space, roll up doors, 18 parking spaces, and a thermoplastic polyolefin (TPO) roof.
- Strategically positioned in a concentrated retail hub, La-Z-Boy profits from exceptional visibility to nearly 25,000 vehicles traveling by daily.
- In December 2024, there will be three years left on the lease term with 3% annual increases providing a strong investment offering.
- La-Z-Boy benefits from dense resident and student populations, surrounded by neighborhoods and just 2 miles from California State University, Chico.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,457 SF
Building Class
B
Year Built
1955
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Lot Size
0.69 AC
Parcel Number
006-120-001-000
Zoning
CC - Commercial
Parking
18 Spaces (0.93 Spaces per 1,000 SF Leased)
Frontage
140’ on Esplanade Rd
AMENITIES
- 24 Hour Access
- Accent Lighting
- Air Conditioning
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