Freestanding Restaurant Near Highway
For Sale
$3,300,000
2010 Business Lane, Chico, CA 95928
Freestanding restaurant with highway visibility near Chico Marketplace.
Property Size8,356 SF
Price / SF$394.93
Days on Market128
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
Changed: Jul 10
Last Checked: Jul 30 at 3:01AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
