1111 Forest Ave Chico, CA 95928
Property Lookup
Property profile & analytics
1111 Forest Ave Chico, CA 95928
- Gas stations
- 2,940 SF
- 1.38 lot acres
Property ID
US09-1583942
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Citibank ATM / Atm
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 1111 Forest Ave
- Year built
- 1998
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.38 lot acres
- Property size
- 2,940 SF
- Zone code
- CC
- Property type
- Gas stations
- APN
- 002-050-244-000
- APU
- 2050244000
Description
This exceptional investment opportunity presents a 2,940-square-foot 7-Eleven convenience store and gas station located at 1111 Forest Ave, Chico, CA 95928. Built in 1998 on a 1.38-acre lot, this freestanding building features a canopy, twelve gasoline pumps, and ample parking for ten vehicles. The property boasts a strong, long-term lease with 7-Eleven, Inc., extending until November 30, 2033, with two five-year renewal options. The current net annual rent is $217,800, increasing by 10% on December 1, 2028. The lease is a triple-net lease, meaning the tenant is responsible for all taxes, insurance, and maintenance (including building interior and exterior, roof, parking lot, and gasoline equipment). The landlord's responsibility is limited to foundation and structural maintenance. This established location offers a compelling investment opportunity with a 5.50% cap rate and an asking price of $3,960,000. The property's price per square foot is $1,346.94. Projected cap rates increase over the lease term, offering significant long-term value. This is a rare chance to acquire a high-performing asset anchored by a globally recognized brand with a strong credit rating.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.804
- Latitude
- 39.7391
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$23,712
$1,326,000
$816,000
$2,142,000
-
$0.00
$0.00
$0.00
