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Listing IDSN18225072
Price$2,500,000
StatusActive
SqFt 15,081
CountyButte
Year Built1985
Property TypeCommercial Sale
Property Sub TypeRetail
Currently generating $229,824 in Net Annual Income. (9.19% Annual Return on Investment – CAP Rate). Tenant pays all Operating Expenses (NNN) and to Extend lease until December 31, 2020. Automotive Dealership Property. North Building is a total of 15,081 SF on 1.13 acres. This is part of a larger portfolio totaling 42,773 sq. ft. on 5.07 acres that can be leased or purchased in whole or in part as follows: APN 015-230-032 - North Building - $2,500,000 APN 015-230-033 - South Building - $3,800,000 APN 015-230-032 - 2 Acres Vacant Lot - $1,000,000 Entire complex is currently being leased (NNN) until 12/31/20. Can be purchased separately or in its entirety. Subject Properties are close to the prime intersection of East & Cohasset. Zoned Regional Commercial allowing for a wide range of retail and commercial uses and even mixed use residential. Currently leased to Courtesy Motors scheduled to vacate by December 31, 2019. Neighbors included Wells Fargo, Walgreens, Good Earth Market, Burger King, Davita Health, Starbucks, Mod Pizza, Cinemark, Trader Joes, CVS and the entire North Valley Plaza Mall. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Lot size taken from public records. Buyer is advised to investigate to their satisfaction.
© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Michael Donnelly from Coldwell Banker/DuFour . Last updated Tuesday, May 21st, 2019.

Contact - Listing ID SN18225072


Becky Williams

2080 E 20th St, Ste 170
Chico, CA 95926
Phone: (530) 636-0936
Data services provided by IDX Broker
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