Map of Property

Black Bear Diner

For Sale

1990 East 20th Street, Chico, CA 95928

This Chico property for sale is located at 1990 East 20th Street. The current listed sale price for Black Bear Diner is $3,651,000.

Contacts

broker

John Andreini

CP Partners

(415) 274-2715

Property Details

  • Property Type Retail - Restaurant
  • Property Size 6,085 SF
  • Property Tenancy Single Tenant
  • Year Renovated 2022
  • Date Updated Apr 23, 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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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

Attachments

Getting around

  • 75/100

    Walk Score ®

  • 92/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John Andreini

CP Partners

(415) 274-2715