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2315 Esplanade
Chico, CA 95926

Price Upon Request

Freestanding For Sale  •  19,457 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 19,457 SF
  • Lot Size 0.69 AC
  • Building Class B
  • Year Built 1955
  • Tenancy Single
  • Zoning CC
0 Transit Score
69 Walk Score

Highlights

Discover a profitable net lease investment opportunity with the acquisition of 2315 Esplanade, an established La-Z-Boy retailer.
Strategically positioned in a concentrated retail hub, La-Z-Boy profits from exceptional visibility to nearly 25,000 vehicles traveling by daily.
2315 Esplanade presents new ownership with the ultimate passive income, yielding a stable NOI and minimal landlord responsibilities.
In December 2024, there will be three years left on the lease term with 3% annual increases providing a strong investment offering.
2315 Esplanade features a showroom, warehouse space, roll up doors, 18 parking spaces, and a thermoplastic polyolefin (TPO) roof.
La-Z-Boy benefits from dense resident and student populations, surrounded by neighborhoods and just 2 miles from California State University, Chico.

Amenities

  • 24 Hour Access
  • Accent Lighting
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Chico Amtrak (Coast Starlight - Amtrak) 6 min - 2.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Mason Canter 310-722-3161 KW Commercial
Mason Canter 310-722-3161 KW Commercial