Single-Tenant Drug
For Sale
Contact for pricing
1496 East Ave, Chico, CA 95926
Corporate CVS tenancy under a triple-net lease with more than five years remaining and six extension options.
Property Size17,138 SF
Lot Size2.46 Acres
Days on Market143
Property Features for 1496 East Ave
General Information
Standard status
Active
Size
17,138 SF
Lot size
2.46 Acres
Property subtype
Retail
Additional Details
Traffic Count
15,500 vehicles/day
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Deltondo Advisory Group Irvine
(949) 419-3200
Listed By:
Peter Deltondo · License #CA 01797033
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 3:31PM
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 Deltondo Advisory Group Irvine
Investment Insights
Based on property information with market context.
This single-tenant drug store contains 17,138 square feet on a 2.46-acre parcel and was constructed in 2007. CVS occupies the building under a corporate triple-net lease with more than five years remaining. The agreement provides six additional five-year options, each including a 10% rent increase. Responsibility is divided between the parties, with the landlord covering the roof and structure while the tenant handles the roof membrane.
The property is positioned at 1496 East Ave in Chico, California, at the East Avenue and Marigold Avenue intersection. The site oversees reported traffic of 15,500 vehicles per day. The existing national pharmacy tenancy, substantial site area, lease term, and contractual extension options define the property’s current commercial profile.
The property is positioned at 1496 East Ave in Chico, California, at the East Avenue and Marigold Avenue intersection. The site oversees reported traffic of 15,500 vehicles per day. The existing national pharmacy tenancy, substantial site area, lease term, and contractual extension options define the property’s current commercial profile.
Key Highlights
- 17,138‑square‑foot drug store building constructed in 2007
- CVS occupies the property under a corporate triple‑net lease
- More than 5 years remain on the current lease term
Property Analytics
Property Profile
Current Use
Lease Details
15,500 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Drug Therapy Systems Inc — 1629 Manzanita Ave, Chico, CA 95926
- Jennifer A. Anderson, PharmD — 1366 East Ave, Chico, CA 95926
- Safeway Pharmacy — 1366 East Ave, Chico, CA 95926
- Christopher P. Dold, PharmD — 1366 East Ave, Chico, CA 95926
- CVS — 1496 East Ave, Chico, CA 95926
Frequently Asked Questions
What type of property is this?
Drug store - Corporate CVS tenancy under a triple-net lease with more than five years remaining and six extension options.
Where is this drug store located?
The property is located at 1496 East Ave Chico, CA.
What are key features of this property?
This property features: 17,138‑square‑foot drug store building constructed in 2007; CVS occupies the property under a corporate triple‑net lease; More than 5 years remain on the current lease term
