1844 Esplanade Chico, CA 95926-2398
This exceptional investment opportunity presents a 1,200 square foot restaurant building situated on a 0.26-acre lot at 1844 Esplanade in Chico, CA 95926. Currently occupied by the established Big Al's Drive-In under a long-term NNN lease, this property offers a stable income stream with minimal landlord responsibilities. The building features a recently installed roof, a detached storage room, and a walk-in freezer. Its prime corner location, directly across from a Starbucks, ensures high visibility and accessibility along Chico's Esplanade corridor. This bustling area boasts a diverse mix of retail shops, restaurants, and professional services, attracting significant foot, bike, and vehicle traffic. The property's strategic location offers convenient access to Highway 99, Enloe Medical Center, downtown Chico, and Bidwell Park, maximizing its appeal to both locals and visitors. This turnkey investment is priced at $575,000 and represents a rare chance to acquire a thriving commercial property in a high-demand Chico location. The single-unit building provides a straightforward ownership experience with a proven tenant in place.
-
Big Al's Drive In Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Chico, CAChico. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.