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1990 E 20th St
Chico, CA 95928

$3,347,000 USD

Restaurant For Sale  •  6,085 SF

Property Details

• Property Type Restaurant
• Total Building Size 6,085 SF
• Lot Size 0.55 AC
• Building Class B
• Year Built 2022
• Cap Rate 6.00 %
• Tenancy Single

0 Transit Score

74 Walk Score

Highlights

An absolute NNN single-tenant Black Bear Diner in Chico

15 years remaining in the primary term with three, 5-year options to extend the lease

10% rental increases during the primary term and option periods provide investors with a hedge against inflation

The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai

Directly across from the center is a high performing Target – top 18% in the country per Placer.ai

Ideal positioning on the signalized, hard corner intersection of 20th Street & Forest Avenue – 34,610 VPD

Property Flyers

BlackBearDiner_ChicoCA

Cap Rate:

6.00 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Chico Amtrak (Coast Starlight - Amtrak)	6 min	-	3.2 mi