The Shops at Mangrove

For Sale

605 Mangrove Ave, Chico, CA 95926

This Chico property for sale is located at 605 Mangrove Ave. The current listed sale price for The Shops at Mangrove is $3,799,000. The Shops at Mangrove is situated on a lot that is 1.82 acre in size.

Contacts

broker

Brian Littrell

Coldwell Banker Commercial C&C Properties

(530) 514-9035

broker

Michael Donnelly

Coldwell Banker Commercial C&C Properties

(530) 828-0011

Property Details

  • Property Type Retail - Strip/Convenience
  • Property Size 19,531 SF
  • Lot Size 1.82 Acre
  • Date Updated Apr 27, 2024
  • Website www.cbcworldwide.com
The Shops at Mangrove are located in the heart of Chico at the gateway to downtown and California State University, Chico. This is one of the city's most attractive retail centers directly across from Chipotle, Rite Aid and the Safeway anchored Park Plaza Shopping Center. This is a daily needs drive by location at the corner of Mangrove & Vallombrosa, with a combined traffic count of more than 35,000+ vehicles per day. Within walking distance to Chico Junior High, Chico State and Chico High School. The center is 90% leased out. The center consists of three separate buildings on two parcels. Two of the buildings at 605 Mangrove (Parcel 003-210-018) are a leasehold interest with a long term ground lease. The third building at 615 Mangrove (Parcel 003-210-019) is on a fee parcel. The ground lease has approximately 42 years of control remaining including options. The NOI has been calculated net of the annual ground lease payments. The ground lease provides for a 12% increase every five years. The leasehold interest vs fee ownership allows an investor to own a newer quality center at a higher than average cap rate compared to comparable quality assets in California.

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Getting around

  • 86/100

    Walk Score ®

  • 89/100

    Bike Score ®

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Location

  • City Chico, CA
  • Neighborhood The Avenues
  • Zip Code 95926

Points of Interest

  • Chico

    0.95 miles

  • Safeway Fuel Station

    0.13 miles

  • Shell

    1.22 miles

  • Speedway

    1.67 miles

  • Costco Gasoline

    1.72 miles

  • Tesla Supercharger

    1.86 miles

  • Safeway Fuel Station

    1.95 miles

  • 76

    2.04 miles

  • Thornton's Chevron and Food Market

    2.07 miles

  • Speedway

    2.59 miles

  • 76

    3.41 miles

  • Municipal Parking Lot 5

    0.28 miles

  • Municipal Parking Lot 1.

    0.30 miles

  • Municipal Building Lot

    0.36 miles

  • Municipal Parking Lot 2

    0.48 miles

  • CSU, Chico Student/Faculty Lot

    0.80 miles

  • Chico Park And Ride

    0.94 miles

  • Chico Mall Parking

    1.69 miles

  • Business Lane Parking

    1.71 miles

  • The Village Center

    1.81 miles

  • Lowe's Parking

    2.37 miles

  • Chipotle

    0.05 miles

  • Morning Thunder Cafe

    0.14 miles

  • Grana

    0.33 miles

  • La Comida

    0.34 miles

  • Woodstocks

    0.35 miles

  • Christian Michael's Ristorante

    0.35 miles

  • Kona's

    0.39 miles

  • Duffy's Tavern

    0.40 miles

  • The Banshee

    0.42 miles

  • Crush

    0.43 miles

  • Safeway

    0.18 miles

  • Chico Natural Foods Cooperative

    0.62 miles

  • S&S Produce and The Butcher Shop

    1.17 miles

  • Safeway

    1.26 miles

  • JCPenney

    1.61 miles

  • FoodMaxx

    1.62 miles

  • Grocery Outlet

    1.63 miles

  • Chico Mall

    1.69 miles

  • Trader Joe's

    1.80 miles

  • Walmart

    1.84 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.

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