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100% Leased | Hard Corner of 6th & Flume St 351 E 6th St 5,515 SF 100% Leased Retail Building Chico, CA 95928 $795,000 ($144.15/SF) 6.57% Cap Rate



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
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
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
Property Taxes
| Parcel Number | 004-382-001-000 | Improvements Assessment | $179,196 (2025) |
| Land Assessment | $41,904 (2025) | Total Assessment | $221,100 (2025) |
Property Taxes
Parcel Number
004-382-001-000
Land Assessment
$41,904 (2025)
Improvements Assessment
$179,196 (2025)
Total Assessment
$221,100 (2025)
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100% Leased | Hard Corner of 6th & Flume St | 351 E 6th St
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