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675 Manzanita Ct 4,238 SF Retail Building Chico, CA 95926 $1,628,500 ($384.26/SF) 6.25% Cap Rate
Investment Highlights
- NNN lease with 6.5 years remaining and 2, 5-year options | 5% increases every 5 years – 5.5% percentage rent of gross sales
- Multi-unit franchisee operator – West Coast Diner Management, Inc | 1,341 Denny's locations throughout US – 363 in California
- Close proximity to Grocery Outlet, Trader Joes, Marshalls, PetSmart, Five Below, Dollar Tree, Cinemark Dutch Bros, Wendy's, Panda Express, 7-Eleven
- Low price point – management free asset, ideal for passive investor | Seasoned location with 53-year operating history
- Corner parcel with monument signage off Highway 99 – 68,217 vehicles per day | Located next to Double Tree Inn , Motel 6, and Super 8 by Wyndham
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
For over 70 years, Denny’s has been a welcoming place where people can connect over great food. They're always open, always serving your favorites, and they're proud to be America's diner. They’re more than just customers or consumers. They’re their guests, and they invite them into their homes with open arms. They’re the very reason why they're in business, and they put them at the center of everything they do. Their Denny's family is their most important asset. They trust, support and respect each other and work together for the greater good. They recognize the contributions of all. They are the classic American diner and proud of everything that means. Since 1953, they've served quality food and healthy portions at a fair price. No matter where they are, their light is always on, inviting guests around the world into a place where everyone is welcome. At Denny’s, they're constantly looking ahead. They're always moving, striving for more, hungry for greatness.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-240-019-000 | Improvements Assessment | $393,754 |
| Land Assessment | $499,717 | Total Assessment | $893,471 |
Property Taxes
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675 Manzanita Ct
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