Black Bear Diner 1990 E 20th St

Investment Highlights

An absolute NNN single-tenant Black Bear Diner in Chico 10% rental increases during the primary term and option periods provide investors with a hedge against inflation Directly across from the center is a high performing Target ? top 18% in the country per Placer.ai 13+ years remaining in the primary term with three, 5-year options to extend the lease The subject property is a prominent outparcel of Chico Marketplace ? a 585,000+ SF shopping center generating ~4.5M annual visitors per Placer.ai Ideal positioning on the signalized, hard corner intersection of 20th Street & Forest Avenue ? 34,610 VPD

Executive Summary

An absolute NNN Black Bear Diner with 13+ 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.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    6,085
• Building Class    B
• Year Built    2022
• Price    3,651,000
• Price Per SF    600
• Cap Rate    5.50
• NOI    200,808
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.15
• Land Acres    0.93 AC