2221 Forest Avenue Chico, CA 95928

$2,995,000 Pending

About the Property

Single-tenant triple net leased building occupied by AAA of Northern California, Nevada and Utah (AAA). The subject property is located on the hard corner of Forest Avenue and Flying V Street in the heart of the main retail corridor in Chico, CA. Immediately to the north is the Chico Mall (HomeGoods, Burlington, Dick's Sporting Goods, JC Penney, Petco, Planet Fitness), The Village Center (Target, Hobby Lobby, Big Lots), Pheasant Run Shopping Center (Best Buy, Old Navy, Staples, PetSmart), and Walmart. To the south is Skypark Plaza (Raley's, Ross, Mattress Firm, Starbucks), Lowe's, Home Depot, and TJ Maxx. The property is maintained by the tenant with minimal landlord responsibilities. The property is oversized for the 8,427 square foot building with a parking ratio of 6.65:1,000 SF and a site coverage of 16.25%. AAA has occupied the building since it was built in 1992, and has recently exercised a three-year extension with a lease termination date of June 30, 2025. Call listing broker for further lease details. All information contained herein is from sources deemed reliable, we do not, however, guarantee its accuracy. Buyer to verify all information contained herein.

Property Information

Size 8,427 SqFt
Price/SqFt $355
Year Built 1992
Property Type Office
Listing Number SN22005234
Listed 1/10/2022
Modified 4/4/2022
Listing Agent Brandon Harris
Listing Office Harris Commercial Real Estate

Property Features

Cap Rate
  • 5.51
Stories Total
  • 1
Water Source
  • Public
Land Use
  • Office
  • Retail