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    1990 E 20Th St Chico, CA 95928

    For Sale
    $3,347,000

    NNN leased Black Bear Diner with 15+ years remaining.

    Property size:
    6,085 SF
    Lot size:
    2.95 Acres

    Property Features for 1990 E 20Th St

    General Information

    Size
    6,085 SF
    Lot size
    2.95 Acres

    Source: CP Partners Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Black Bear Diner NNN Investment

    This single-tenant Black Bear Diner property in Chico is available for sale. The property has over 15 years remaining on its primary lease term, with three 5-year options to extend. The lease includes 10% rental increases during the primary term and option periods. The property is an outparcel of Chico Marketplace, a shopping center with over 585,000 square feet that attracts approximately 4.5 million annual visitors. National retailers in the center include JCPenney, Home Goods, Dick’s Sporting Goods, Petco, Burlington, and Chipotle. Directly across from the center is a high-performing Target store, ranking in the top 18% nationally. The property is positioned on the signalized corner intersection of 20th Street and Forest Avenue, with a traffic count of 34,610 vehicles per day. The surrounding area has strong residential demographics, with 97,522 residents and average household incomes of $87,058 within a 5-mile radius.
    Location Intelligence

    Current Use by Public Records

    Black Bear Diner ... American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8019808
    Latitude
    39.7275659

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    FAQs

    What type of property is this?
    Breakfast & diner - NNN leased Black Bear Diner with 15+ years remaining.
    Where is this breakfast & diner located?
    The property is located at 1990 E 20Th St Chico, CA.
    What is the asking price?
    The asking price for this property is $3,347,000.
    What are key features of this property?
    This property features: - Absolute NNN single-tenant Black Bear Diner with 15+ years remaining on the primary lease term.; - Located in Chico Marketplace, a high-traffic shopping center with ~4.5M annual visitors.; - **Prominent outparcel location at a signalized hard corner intersection with 34,610 VPD.**
    (415) 274-2715
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    1990 E 20Th St Chico, CA 95928
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    Chico, CA 95928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1990 E 20Th St Chico, CA 95928
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