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Executive Summary

100% Leased Multi-Tenant Commercial Property Near Downtown Chico. 351, 361, 363 and 365 E. 6th Street comprise a fully leased, multi-tenant commercial property situated on a prominent hard-corner location near Downtown Chico. Surrounded by dense residential in an established, highly walkable neighborhood, the property is occupied by a complementary mix of neighborhood-serving businesses, including the landmark Pageant Theatre, Tender Loving Coffee House, Ultra Beautician and Sixth Street Secondhand. The tenants provide a balanced combination of entertainment, food and beverage, personal services and specialty retail. Several have longstanding operating histories at the property, with some having occupied the building for decades. Recent capital improvements include roof, exterior paint, and interior/exterior ADA upgrades. Its close proximity to Downtown Chico allows the property to benefit from the area’s established customer base, daytime employment and student population, dining and entertainment activity, and steady flow of pedestrian and vehicle traffic, while still serving the surrounding residential neighborhood. With 100% occupancy, multiple established tenants, dedicated on-site parking and a strong corner location, the property offers a stabilized investment with a durable presence in one of Chico’s most distinctive neighborhoods.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $71,640 $12.22
Other Income - -
Vacancy Loss - -
Effective Gross Income $71,640 $12.22
Taxes - -
Operating Expenses - -
Total Expenses $19,431 $3.31
Net Operating Income $52,209 $8.91

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $71,640
Annual Per SF $12.22
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $71,640
Annual Per SF $12.22
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $19,431
Annual Per SF $3.31
Net Operating Income
Annual $52,209
Annual Per SF $8.91

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theater
Building Size
5,515 SF
Building Class
C
Year Built/Renovated
1900/2021
Price
$795,000
Price Per SF
$144.15
Cap Rate
6.57%
NOI
$52,209
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CN - Retail, restaurants, personal and professional services, offices, financial and medical services, entertainment.
Parking
12 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
125’ on Flume Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Pageant Theatre
  • Information
  • 1,900 SF
  • $0.97
  • Modified Gross
  • Mar 2027
  • Sixth Street Secondhand
  • -
  • 1,290 SF
  • $1.19
  • Modified Gross
  • Jul 2028
  • Tender Loving Coffee
  • -
  • 1,560 SF
  • $1.23
  • Modified Gross
  • Aug 2030
  • Ultra Salon
  • -
  • 765 SF
  • $0.88
  • Modified Gross
  • Dec 2027
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Pageant Theatre Information 1,900 SF $0.97 Modified Gross Mar 2027
Sixth Street Secondhand - 1,290 SF $1.19 Modified Gross Jul 2028
Tender Loving Coffee - 1,560 SF $1.23 Modified Gross Aug 2030
Ultra Salon - 765 SF $0.88 Modified Gross Dec 2027
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100

Nearby Major Retailers

Starbucks
Tri Counties Bank
Bank of America
Golden 1 Credit Union
Chase Bank
U.S. Bank
Pita Pit
Safeway
Dutch Bros
Jazzercise

Property Taxes

Property Taxes

Parcel Number
004-382-001-000
Land Assessment
$41,904 (2025)
Improvements Assessment
$179,196 (2025)
Total Assessment
$221,100 (2025)
  • Listing ID: 41336662

  • Date on Market: 7/17/2026

  • Last Updated:

  • Address: 351 E 6th St, Chico, CA 95928

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