- For Sale $599,000
- Property Type Retail - Restaurant
- Property Size 2,545 SF
- Lot Size 36,590 SF
- Cap Rate % 7.01
- NOI / YR $34,361.00
- # of Floors 1
- Parking Spaces Avail. 40
- Parking Ratio 15.72 / 1,000 SF
- Year Built 1950
- Year Renovated 1980
- Date Updated May 15, 2026
Description
This fully leased restaurant investment property offers a rare opportunity to own a high-visibility asset along State Highway 99 in Gridley, CA. Spanning +/- 2,545 SF on a generous 36,590 SF lot, the property is occupied by Casa De Alma Camaron Pelao under a Modified Gross lease through 2027, generating stable rental income with a 7.01% cap rate. With +/- 40 parking spaces and potential for outdoor seating or future development, this location benefits from 16,993 daily traffic counts and a growing local market. Situated less than an hour from Sacramento, this investment provides long-term value in an expanding commercial corridor.
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Contacts
ROME Real Estate Group
ROME Real Estate Group