7-Eleven
2,940 SF | Retail Building | Chico, CA 95928 | $4,400,000 ($1,497/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,400,000
- Property Type
-
Retail
- Square Feet
- 2,940 SF
- Price / Square Foot
- $1,497
Listing Contacts
Jay Cahan
Verified Profile
- Property Info
Property Overview
2,940 square foot convenience store and gas station leased to 7-ELEVEN until November 30, 2033 (10+ years remaining).
The 7-Eleven is located on the southeast corner of Forest Avenue and Deer Creek Highway, one mile east of Golden State Highway (SR 99). The subject property is the last convenience store on Hwy 32, on the way to Lake Almanor Recreation Area and Lassen Volcanic National Park.
Additionally, the subject property is less than a mile north of the CHICO MARKETPLACE, a 528,000 square foot shopping mall anchored by JCPenney, Dick’s Sporting Goods, Burlington, and Petco. Other national tenants include Victoria’s Secret, Bath & Body Works, Chipotle Mexican Grill and rue21. Chico Marketplace is the only regional mall within a 45-mile radius and is the hub of commercial growth in the community.
The property is also less than a mile south of Bidwell Park, one of the largest city parks in the U.S. at 3,670 acres and approximately 2 million annual visitors.
The 7-Eleven is located on the southeast corner of Forest Avenue and Deer Creek Highway, one mile east of Golden State Highway (SR 99). The subject property is the last convenience store on Hwy 32, on the way to Lake Almanor Recreation Area and Lassen Volcanic National Park.
Additionally, the subject property is less than a mile north of the CHICO MARKETPLACE, a 528,000 square foot shopping mall anchored by JCPenney, Dick’s Sporting Goods, Burlington, and Petco. Other national tenants include Victoria’s Secret, Bath & Body Works, Chipotle Mexican Grill and rue21. Chico Marketplace is the only regional mall within a 45-mile radius and is the hub of commercial growth in the community.
The property is also less than a mile south of Bidwell Park, one of the largest city parks in the U.S. at 3,670 acres and approximately 2 million annual visitors.
Property Details
- Class
- B
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Service, Grocery/Convenience Store, Freestanding, Storefront
- Lot Size (sq. ft)
- 60,113 SF
Highlights
- Strategically located at the signalized corner of CA Hwy 32 (Deer Creek Highway) and Forest Avenue with average traffic count of 17,440 VPD.
- Located less than 1-mile east of CA Hwy 99 (Average 73,000 VPD).
- Limited nearby competition.
- Last convenience store on Hwy 32, on the way to Lake Almanor Recreation Area and Lassen Volcanic National Park.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].