Contacts

Jay Cahan

HC&M Commercial Properties

Property Details

Property Type Retail
Property Size 2,940 SF
Lot Size 1.38 Acre
Cap Rate % 5.5
Additional Rent Contact for pricing
Parking Spaces Avail. 10
Parking Ratio 3.40 / 1,000 SF
Year Built 1998
Date Updated Nov 4, 2024

2,940 square foot convenience store and gas station leased to 7-ELEVEN until November 30, 2033 (10+ years remaining)

Lease / Tenant

• 7-Eleven, Inc. is the leading convenience store chain world-wide with 56,600 stores and has an investment grade S&P credit rating of “AA-” • Tenant recently extended for ten (10) years with two (2) five year options • 10% rent increases in 2028 • Established location with 35 years of operating history

The lease is net with the tenant responsible for all taxes, insurance and maintenance including the interior and exterior of the building, roof, parking lot and gasoline equipment. Landlord is responsible for the maintenance of the foundation and structural soundness of the premises. There are two 5-year options to renew.

Real Estate / Area Strengths:

Strategically located at the signalized corner of CA Hwy 32 (Deer Creek Highway) and Forest Avenue with average traffic count of 17,440 VPD • Located less than 1-mile east of CA Hwy 99 (Average 73,000 VPD) • Limited nearby competition • Last convenience store on Hwy 32, on the way to Lake Almanor Recreation Area and Lassen Volcanic National Park

The property will be delivered free and clear of permanent financing

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

45/100
Walk Score ®
75/100
Bike Score ®

Powered by Walk Score ®

Location

City Chico, CA
Neighborhood Heritage Oaks
Zip Code 95928
Market Sacramento

Points of Interest

Chico

2.49 miles

ChargePoint

0.77 miles
Tesla Supercharger

0.87 miles
ampm

0.87 miles
Sinclair

1.06 miles
Costco Gasoline

1.27 miles
Safeway Fuel Station

1.67 miles
Speedway

1.77 miles
76

1.78 miles
Valero

1.90 miles
Arco

1.92 miles

Chico Park And Ride

0.68 miles
Chico Mall Parking

0.73 miles
The Village Center

0.86 miles
Business Lane Parking

1.01 miles
Lowe's Parking

1.57 miles
Retail Parking

1.59 miles
McDonald's Parking

1.62 miles
Raley's Parking

1.67 miles
Butte College Skyway Center Parking

1.68 miles

Mariscos La Costa

0.03 miles
Subway

0.70 miles
Logans

0.79 miles
Chili's

0.80 miles
Chipotle

0.80 miles
KFC

0.80 miles
Carl's Jr.

0.81 miles
Black Bear Diner

0.81 miles
Taco Bell

0.81 miles
Quiznos

0.84 miles

Chico Mall

0.71 miles
WinCo Foods

0.72 miles
JCPenney

0.75 miles
Target

0.91 miles
Big Lots

0.93 miles
Walmart

1.10 miles
FoodMaxx

1.10 miles
Safeway

1.59 miles
Raley's

1.67 miles
TJ Maxx

1.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.