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675 Manzanita Ct
Chico, CA 95926

$1,628,500 USD

Restaurant For Sale  •  4,238 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,238 SF
  • Lot Size 0.77 AC
  • Building Class B
  • Year Built 1900
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning CITY
0 Transit Score
69 Walk Score

Highlights

NNN lease with 6.5 years remaining and 2, 5-year options | 5% increases every 5 years – 5.5% percentage rent of gross sales
Low price point – management free asset, ideal for passive investor | Seasoned location with 53-year operating history
Multi-unit franchisee operator – West Coast Diner Management, Inc | 1,341 Denny's locations throughout US – 363 in California
Corner parcel with monument signage off Highway 99 – 68,217 vehicles per day | Located next to Double Tree Inn , Motel 6, and Super 8 by Wyndham
Close proximity to Grocery Outlet, Trader Joes, Marshalls, PetSmart, Five Below, Dollar Tree, Cinemark Dutch Bros, Wendy's, Panda Express, 7-Eleven
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Denny's 4,238 SF 8/31/2032

Amenities

  • Freeway Visibility
  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 52
Type: Surface
Included in Rent: Yes
Michael Cisternino 925-388-0888 Essential Capital Advisors
Michael Cisternino 925-388-0888 Essential Capital Advisors