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555 Flying V ST Chico, CA 95928
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Key Details
Sold Price $2,110,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 10,730 sqft
Price per Sqft $196
MLS Listing ID SN17239598
Sold Date 03/23/18
HOA Y/N No
Year Built 1992
Lot Size 0.970 Acres
Property Sub-Type Retail
Property Description
The subject property is a ±10,730 SF retail strip center located in the heart of the largest retail district in Butte County, CA. Situated on the hard
corner of Forest Avenue and Flying V Street just south of 20th Street in Chico, CA, the property is 100% occupied by a healthy mix of long term
NNN tenants. The building is flanked by the major operators in Chico including Walmart, Target, Best Buy, Big Lots, Lowe's, Winco, Old Navy,
PetSmart. Also in the immedate area are the Chico Mall (Dick's, JC Penney, Forever 21, Kohl's), Butte Community College Chico Center, and
Wittmeier Auto Center. Within one-half mile are Costco, World Market, Ulta, Home Depot, Raley's, Ross, TJ Maxx and more.
The tenants include a restaurant, office, services and medical uses. Over 60% of the leasable area has been remodeled within the last 4 years totalling over $400,000 in improvements. Leases have all been structured to include 3% annual rent increases.
Location
State CA
County Butte
Interior
Laundry None
Building
Lot Description Near Public Transit
Story 1
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
LIST AGRMT Exclusive Right To Sell
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Call listing broker for instructions. Do not disturb tenants.
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Bought with Harris Commercial Real Estate