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1555 Mangrove Ave
Chico, CA 95926

$2,872,000 USD

Freestanding For Sale  •  16,560 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 18,196 SF
  • Lot Size 1.77 AC
  • Building Class C
  • Year Built 1996
  • Cap Rate 6.00 %
  • Tenancy Multiple
  • Zoning C1
0 Transit Score
84 Walk Score

Highlights

Single-Tenant Pep Boys Ground Lease (12 Bays): 6 Years Remaining on the Current Term
Tenant Since 1996; History of Long-Term Success
Corporate Ground Lease; Zero Landlord Responsibilities
2022 Exercise of Two 5-Year Options
10% Increases Every 5 Years
Pep Boys Has Strong Industry Recognition With 850 Locations and $2.4 Billion in Annual Sales
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Harley-Davidson
Pep Boys

Amenities

  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
Chico Amtrak (Coast Starlight - Amtrak) 5 min - 2.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Lee Csenar 844-585-7636 Hanley Investment Real Estate Advisors
Lee Csenar 844-585-7636 Hanley Investment Real Estate Advisors