Map of Property

Black Bear Diner Listing Details & Market Data

1990 East 20th Street, Chico, CA 95928

  • For Sale $3,651,000
  • Property Type Retail - Restaurant
  • Property Size 6,085 SF
  • Property Tenancy Single Tenant
  • Year Renovated 2022
  • Date Updated Mar 28, 2024
-An absolute NNN Black Bear Diner with 13+ 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

Highlights

  • An absolute NNN single-tenant Black Bear Diner in Chico
  • 13+ 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

broker

John Andreini

CP Partners

(415) 274-2715

Location

Getting Around

  • Walk Score ®

    Very Walkable (75)

  • Bike Score ®

    Biker's Paradise (92)
Powered by Walk Score ®
  • 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

  • Speedway

    0.97 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

Contact Listing Broker

broker

John Andreini

CP Partners

(415) 274-2715