Listed by Ethan Conrad Properties Inc
$399,000
575 East Avenue
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,500
Units 6
Cap Rate 9.50%
NOI $35,076
Occupancy 100%
Lease Type Gross
Buildings 1
Stories 1
Zoning CC
Parking Spaces 20 spaces
Parking Per SqFt 8.00
Investment Type Stabilized
Ground Lease No
Retail | 9.5% CAP | 2,500 SqFt
Marketing description
This freestanding Retail/Office building offers prime exposure on East Avenue with excellent access to Hwy 99 in Chico. Surrounded by strong residential population as well as many national retail tenants. North Valley Plaza and New Earth Market shopping centers two blocks away which include: Trader Joe’s, New Earth Market, DollarTree, Cinemark Theaters, Walgreens, Starbucks, and more.
Investment highlights
• 2,500 SF freestanding retail building with prominent exposure on East Ave
• Immediate access to Hwy 99
• Zoned CC - Community Commercial
• 20 parking spaces (8.37/1,000 SF parking ratio)
• 79’ of frontage on East Avenue
Listing Contacts
Listed by Ethan Conrad Properties Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,076.00
$2,923.00/mo
Valuation Metrics
0
DSCR
8.79%
Cap Rate
8.79%
ROI
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