Flying V St. Retail Space

555 Flying V St.
Chico
CA
95928
Selling Price: 
$2,110,000
Selling Price Per Sq. Ft.: 
$196.64per Sq. Ft.
Listing Price: 
$2,290,000
Listing Date: 
October 19, 2017
Days on Market: 
6Days
Location: 
APN: 
002-550-020
Asset Class: 
Year Built: 
1192
Building Sq. Ft.: 
10,730Sq. Ft.
Close of Escrow Date: 
March 23, 2018
Acres: 
0.97Acres
Listing Agent: 
Brandon Harris
Selling Agent: 
Brandon Harris

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.