2540 Esplanade, Chico, CA 95973
Mixed-use power corner center with a leased gas station and drive-thru quick serve, plus multiple retail and office spaces.
- Added:
- Aug 21, 2025
- Days on Market:
- 320
- Last Refresh:
- Jun 28 at 1:56 am
Property Features for 2540 Esplanade
General Information
- Standard status
- Active
- Size
- 27,298 SF
- Lot size
- 2.79 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1986
Listing office Commercial Brokers of California (530) 828-0011
Listing date Aug 21, 2025
Source Exitrealty
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HighLights
- Total 27,298 sq. ft. retail and office space on 2.79 acres across three parcels on a power corner.
- Front corner parcel is leased to an ARCO AM/PM gas and convenience store operator.
- Next door tenant is Jack in the Box with a drive‑thru.
- About 30% vacant, including a 4,988 sq. ft. store front unit ready for new tenants.
- Additional tenants include Blue Bird Liquor & Market, Heroes Corner Games & Merchandise, Esplanade Express Laundry, Massage, and Media Model Agency.
- Includes a back parcel for additional parking and rental income.
Overview
Located at 2540 Esplanade in Chico, CA, the property is described in the offering as having high traffic counts. Additional established occupants include Blue Bird Liquor & Market, Heroes Corner Games & Merchandise, Esplanade Express Laundry, a massage business, and a media model agency. A back parcel is included for additional parking and rental income.
For buyers and operators, this is a single-center acquisition with both income-producing and leasing-reposition opportunities, anchored by a national credit quick serve and a leased convenience store operator. The availability of a large, ready storefront unit supports a straightforward path to tenanting remaining space while maintaining existing revenue streams from the center’s current occupants.
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 | $511.0k | $18.72 |
| − Vacancy | −$28.6k | −$1.05 |
| EGI | $482.4k | $17.67 |
| − OpEx | −$120.6k | −$4.42 |
| NOI | $361.8k | $13.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.8605885
- Latitude
- 39.7575683
