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Retail Building Near University
For Lease
$3,500,000

650 Mangrove Avenue, Chico, CA 95926

Retail building near California State University, Chico.

Space SizeContact for details
Days on Market141

Property Features for 650 Mangrove Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Sacramento
Listed By: Chris Campbell · License #1204114
Source: Cbre
Added: Mar 25 Changed: Aug 8 Last Checked: Aug 8 at 2:33PM

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 stand-alone retail building is situated less than half a mile from California State University, Chico, which had approximately 14,823 students enrolled in Fall 2025. The property is adjacent to a Safeway-anchored center and located on one of the busiest corners in Chico. A busy Chipotle, with 179,000 visits in 2025 according to Placer.ai, is located adjacent to the property. Monument signage is available. The property has a size of 21825 square feet.

Key Highlights

  • Located less than half a mile from California State University, Chico (approx. 14,823 students).
  • Stand alone retail building on a busy corner.
  • Adjacent to a Safeway anchored center.

Property Analytics

Current Use

Rite Aid Pharmacy CDReload - Online Bitcoin ... Crypto Atm Brandy A. Kehrer, PharmD Pharmacy higi Physician Rite Aid Pharmacy Pharmacy

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,335
Businesses Nearby

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

Lease Benchmarks for Chico, CA

$36.98 /SF/Yr
Avg Asking Price
$6.08–$182 /SF/Yr
Price Range
7,219 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail building near California State University, Chico.
Where is this retail space located?
The property is located at 650 Mangrove Avenue Chico, CA.
What is the lease rate?
The lease rate is $3,500,000.
What are key features of this property?
This property features: Located less than half a mile from California State University, Chico (approx. 14,823 students).; Stand alone retail building on a busy corner.; Adjacent to a Safeway anchored center.
More about this property
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