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Chico Shops 212-222 W. 2nd St. & 132-136 Broadway 12,940 SF 100% Leased Retail Building Chico, CA 95928 $5,253,143 CAD ($405.96 CAD/SF) 7.75% Cap Rate



EXECUTIVE SUMMARY
Reduced Price on these unique high performing shops priced at a very desirable 7.75% cap rate with scheduled rent increases. This hard corner location is at an intersection with high foot & vehicle traffic approximately 1-1.5+- blocks from Chico State University Campus. This 12,940+- SF asset comprises 8 units, all operating at full occupancy, providing a steady stream of income for potential investors. All 8 tenants have a long history of occupancy having exercised multiple option extensions or signed new leases. Designed to appeal to Retail & Office Building investors, this property promises stability and growth potential in a thriving commercial environment. Its ideal location and reliable tenant base make it a prime addition to any real estate portfolio, offering a secure and lucrative investment for those seeking long-term value in the retail & office sector. This is a rare chance to acquire a high-performing asset in a prime location.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
12,940 SF
Year Built
1910
Price
$5,253,143 CAD
Price Per SF
$405.96 CAD
Cap Rate
7.75%
NOI
$407,119 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.50
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
DN
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 004-052-007-000 | Improvements Assessment | $1,436,415 CAD |
| Land Assessment | $716,137 CAD | Total Assessment | $2,152,552 CAD |
PROPERTY TAXES
Parcel Number
004-052-007-000
Land Assessment
$716,137 CAD
Improvements Assessment
$1,436,415 CAD
Total Assessment
$2,152,552 CAD
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Chico Shops | 212-222 W. 2nd St. & 132-136 Broadway
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