Map of Property

Black Bear Diner

For Sale

1990 East 20th Street, Chico, CA 95928

This Chico property for sale is located at 1990 East 20th Street. The current listed sale price for Black Bear Diner is $3,347,000. Black Bear Diner is situated on a lot that is 0.55 acre in size.

Contacts

broker
John Andreini

CP Partners

Property Details

  • Property Type Retail - Restaurant
  • Property Size 6,085 SF
  • Lot Size 0.55 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Renovated 2022
  • Date Updated Dec 10, 2024
-An absolute NNN Black Bear Diner with 15 years remaining in the primary term of the lease which features 10% rental increases every 5 years and three, 5-year options to extend the lease term. The subject property is a prominent outparcel of Chico Marketplace – a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai.
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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
  • Prominent national retailers at the center include JCPenney, Home Goods, Dick’s Sporting Goods, Petco, Burlington, and Chipotle
  • 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
  • Strong residential demographics – 97,522 residents and average household incomes of $87,058 within a 5-mile radius of the subject property

Attachments

Getting around

  • 75/100

    Walk Score ®

  • 92/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chico, CA
  • Neighborhood Heritage Oaks
  • Zip Code 95928

Points of Interest

  • Chico

    2.37 miles

  • Tesla Supercharger

    0.07 miles

  • ChargePoint

    0.08 miles

  • Sinclair

    0.26 miles

  • ampm

    0.26 miles

  • Costco Gasoline

    0.58 miles

  • Speedway

    0.97 miles

  • Valero

    1.16 miles

  • Arco

    1.80 miles

  • Safeway Fuel Station

    1.89 miles

  • Electrify America

    2.04 miles

  • The Village Center

    0.10 miles

  • Chico Mall Parking

    0.19 miles

  • Business Lane Parking

    0.32 miles

  • Lowe's Parking

    0.77 miles

  • Retail Parking

    0.79 miles

  • McDonald's Parking

    0.83 miles

  • Butte College Skyway Center Parking

    0.88 miles

  • Raley's Parking

    0.89 miles

  • Chico Park And Ride

    1.03 miles

  • Black Bear Diner

    0.00 miles

  • Del Taco

    0.03 miles

  • Jack in the Box

    0.06 miles

  • KFC

    0.08 miles

  • Subway

    0.10 miles

  • Quiznos

    0.15 miles

  • Chipotle

    0.17 miles

  • Hula's Chinese Bar-B-Q

    0.19 miles

  • Carl's Jr.

    0.21 miles

  • Taco Bell

    0.25 miles

  • Target

    0.11 miles

  • WinCo Foods

    0.14 miles

  • Chico Mall

    0.19 miles

  • Big Lots

    0.20 miles

  • JCPenney

    0.27 miles

  • Walmart

    0.33 miles

  • FoodMaxx

    0.47 miles

  • Raley's

    0.89 miles

  • TJ Maxx

    0.95 miles

  • Chico Natural Foods Cooperative

    1.80 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.

Contact Listing Broker
broker
John Andreini

CP Partners