1555 Mangrove Ave, Chico, CA 95926 For Sale

Single-Tenant Pep Boys Ground Lease (12 Bays):

• 6 years remaining on the current term

• Tenant since 1996; history of long-term success

• Corporate ground lease; zero landlord responsibilities

• 2022 exercise of two 5-year options

• 10% increases every 5 years

• Pep Boys has strong industry recognition with 850 locations and $2.4 billion in annual sales

Destination Service/Internet-Resistant Tenant; $414 Billion Auto Repair Industry

Large 1.77-Acre Parcel with 80 Parking Spaces

• Upside potential with below-market rent

• Future redevelopment potential within the Chico COS (Corridor Opportunity Site) with CMU (Commercial Mixed-Use) designation allowing for housing to be built

Stable Local Economy Anchored by California State University Chico with 14,800 Students

• 105,000 people with an average household income of $91,000 within 5 miles