For Sale $3,347,000
Property Type Retail - Restaurant
Property Size 6,085 SF
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Year Renovated 2022
Date Updated Sep 6, 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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Attachments

BlackBearDiner_ChicoCA.pdf (PDF) opens in new window

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

Contacts

John Andreini

CP Partners

Location

Getting Around

Walk Score ®
75/100 Very Walkable
Bike Score ®
92/100 Biker's Paradise

City Chico, CA
Neighborhood Heritage Oaks
Zip Code 95928

Points of Interest

Chico

2.37 miles

Tesla Supercharger

0.07 miles
Costco Gasoline

0.58 miles
Safeway Fuel Station

1.89 miles
76

2.55 miles
Safeway Fuel Station

2.63 miles
Shell

3.02 miles
Speedway

3.06 miles
Thornton's Chevron and Food Market

3.69 miles
76

5.06 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
Municipal Building Lot

1.87 miles

Outback Steakhouse

0.00 miles
Del Taco

0.03 miles
Jack in the Box

0.06 miles
KFC

0.08 miles
Quiznos

0.15 miles
Chipotle

0.17 miles
Carl's Jr.

0.21 miles
Taco Bell

0.25 miles
Red Lobster

0.27 miles
Olive Garden

0.28 miles

Target

0.11 miles
WinCo Foods

0.14 miles
Chico Mall

0.19 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
Safeway

1.81 miles

Frequently Asked Questions

How much does Black Bear Diner cost?

The space currently listed for sale at Black Bear Diner asks for $3,347,000.

What is the total square footage of Black Bear Diner?

Black Bear Diner totals 6,085 square feet.

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