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Black Bear Diner 1990 E 20th St

6,085 SF Retail Building Chico, CA 95928 $3,347,000 ($550/SF) 6% Cap Rate

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Investment Highlights

An absolute NNN single-tenant Black Bear Diner in Chico
10% rental increases during the primary term and option periods provide investors with a hedge against inflation
Directly across from the center is a high performing Target – top 18% in the country per Placer.ai

15 years remaining in the primary term with three, 5-year options to extend the lease
The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai
Ideal positioning on the signalized, hard corner intersection of 20th Street & Forest Avenue – 34,610 VPD

Executive Summary

An absolute NNN Black Bear Diner with 15 years remaining in the primary term of the lease which features 10% rental increases every 5 years and three, 5-year options to extend the lease term. The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai.

BlackBearDiner_ChicoCA