Freestanding Restaurant Near Highway
2010 Business Lane Chico, CA 95928
2010 Business Lane, Chico, CA, 95928
$3,300,000
For Sale
$3,300,000
Freestanding restaurant with highway visibility near Chico Marketplace.
Property Size8,356 SF
Price / SF$394.93
Days on Market119
Property Features for 2010 Business Lane
General Information
- Standard status
- Active
- Size
- 8,356 SF
- Property subtype
- Retail
Listing Agency
CBRE - Sacramento
(916) 446-8760
Listed by
Chris Campbell · License #1204114
(916) 446-8760
Source
Cbre
Added: Mar 25 Updated: Jul 10 at 3:51 pm Checked: Jul 20 at 2:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Sacramento
Investment Insights
Based on property information with market context.
This freestanding restaurant is located in Chico, California, home of California State University, Chico. The 8,356 square-foot property is positioned in a regional shopping area that attracts customers from surrounding communities. The building is visible from Highway 99 and is located across the street from Chico Marketplace (formerly known as the Chico Mall), next to Hobby Lobby, Target, and BevMo! The recently completed Bikeway 99 project provides foot traffic access to shoppers from across 20th Street at the Chico Marketplace.
Key Highlights
- Freeway visibility and location just off Highway 99.
- Freestanding restaurant in Chico, CA, home of California State University, Chico.
- Positioned in a regional shopping area drawing customers from surrounding communities.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.4k | $18.72 |
| − Vacancy | −$8.8k | −$1.05 |
| EGI | $147.7k | $17.67 |
| − OpEx | −$36.9k | −$4.42 |
| NOI | $110.7k | $13.25 |
8,356 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.85M
NOI $110,748 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,100 @ 7.0% cap · market cap 3.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Freestanding restaurant with highway visibility near Chico Marketplace.
Where is this conventional restaurant located?
The property is located at 2010 Business Lane Chico, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Freeway visibility and location just off Highway 99.; Freestanding restaurant in Chico, CA, home of California State University, Chico.; Positioned in a regional shopping area drawing customers from surrounding communities.
