Contacts

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 Oct 30, 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

BlackBearDiner_ChicoCA.pdf (PDF) opens in new window

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.