Kohl's NNN Ground
For Sale
Contact for pricing
1505 Springfield Drive, Chico, CA 95928
Long-term lease structure includes multiple extension options and scheduled rental increases.
Property SizeContact for details
Days on Market145
Property Features for 1505 Springfield Drive
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Gallelli Real Estate
(858) 373-3184
Listed By:
Gary Gallelli · License #CA 01099383
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 9:04PM
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 Gallelli Real Estate
Investment Insights
Based on property information with market context.
This offering involves a Kohl's retail property subject to an NNN ground lease. The structure places landlord responsibilities at zero and provides nearly 10 years remaining on the initial lease term. The agreement includes eight five-year extension options, with a 5% rental increase at each option period.
The property is located at 1505 Springfield Drive in Chico, California, with frontage and visibility along Highway 99. The leased retail location is occupied by Kohl's, identified in the property information as a leading U.S. department store retailer. The combination of an established retail tenant, extended lease term, and defined renewal schedule provides a clearly outlined lease framework for the property.
The property is located at 1505 Springfield Drive in Chico, California, with frontage and visibility along Highway 99. The leased retail location is occupied by Kohl's, identified in the property information as a leading U.S. department store retailer. The combination of an established retail tenant, extended lease term, and defined renewal schedule provides a clearly outlined lease framework for the property.
Key Highlights
- Kohl's occupies the property under an NNN ground lease
- Nearly 10 years remain on the initial lease term
- Eight five‑year lease extension options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Explore this area
Business Placement
Demographics for 95928, CA
38,378
Population
17,455
Households
2.2
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
145.4 sq mi
ZIP Area
264
Density / Sq Mi
$65,350
Median Household Income
$32,615
Median Earnings
$1,419
Median Rent
$476,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term lease structure includes multiple extension options and scheduled rental increases.
Where is this nnn property located?
The property is located at 1505 Springfield Drive Chico, CA.
What are key features of this property?
This property features: Kohl's occupies the property under an NNN ground lease; Nearly 10 years remain on the initial lease term; Eight five‑year lease extension options
