- For Sale $3,960,000
- Property Type Retail
- Property Size 2,940 SF
- Lot Size 1.38 Acre
- Cap Rate % 5.5
- Additional Rent Contact for pricing
- Parking Spaces Avail. 10
- Parking Ratio 3.40 / 1,000 SF
- Year Built 1998
- Date Updated Dec 3, 2024
2,940 square foot convenience store and gas station leased to 7-ELEVEN until November 30, 2033 (10+ years remaining)
Lease / Tenant
• 7-Eleven, Inc. is the leading convenience store chain world-wide with 56,600 stores and has an investment grade S&P credit rating of “AA-” • Tenant recently extended for ten (10) years with two (2) five year options • 10% rent increases in 2028 • Established location with 35 years of operating history
The lease is net with the tenant responsible for all taxes, insurance and maintenance including the interior and exterior of the building, roof, parking lot and gasoline equipment. Landlord is responsible for the maintenance of the foundation and structural soundness of the premises. There are two 5-year options to renew.
Real Estate / Area Strengths:
Strategically located at the signalized corner of CA Hwy 32 (Deer Creek Highway) and Forest Avenue with average traffic count of 17,440 VPD • Located less than 1-mile east of CA Hwy 99 (Average 73,000 VPD) • Limited nearby competition • Last convenience store on Hwy 32, on the way to Lake Almanor Recreation Area and Lassen Volcanic National Park
The property will be delivered free and clear of permanent financing
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
45/100
Car-Dependent
-
Bike Score ®
75/100
Very Bikeable
- City Chico, CA
- Neighborhood Heritage Oaks
- Zip Code 95928
- Market Sacramento
Points of Interest
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Chico
2.49 miles
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ChargePoint
0.77 miles
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Tesla Supercharger
0.87 miles
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ampm
0.87 miles
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Sinclair
1.06 miles
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Costco Gasoline
1.27 miles
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Safeway Fuel Station
1.67 miles
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Speedway
1.77 miles
-
76
1.78 miles
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Valero
1.90 miles
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Arco
1.92 miles
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Chico Park And Ride
0.68 miles
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Chico Mall Parking
0.73 miles
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The Village Center
0.86 miles
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Business Lane Parking
1.01 miles
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Lowe's Parking
1.57 miles
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Retail Parking
1.59 miles
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McDonald's Parking
1.62 miles
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Raley's Parking
1.67 miles
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Butte College Skyway Center Parking
1.68 miles
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Mariscos La Costa
0.03 miles
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Subway
0.70 miles
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Logans
0.79 miles
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Chili's
0.80 miles
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Chipotle
0.80 miles
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KFC
0.80 miles
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Carl's Jr.
0.81 miles
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Black Bear Diner
0.81 miles
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Taco Bell
0.81 miles
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Quiznos
0.84 miles
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Chico Mall
0.71 miles
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WinCo Foods
0.72 miles
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JCPenney
0.75 miles
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Target
0.91 miles
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Big Lots
0.93 miles
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Walmart
1.10 miles
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FoodMaxx
1.10 miles
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Safeway
1.59 miles
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Raley's
1.67 miles
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TJ Maxx
1.76 miles
Frequently Asked Questions
The space currently listed for sale at 1111 Forest Ave asks for $3,960,000.
1111 Forest Ave totals 2,940 square feet.
1111 Forest Ave was built in 1998.
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