2522 COHASSET ROAD, CHICO, CA

Retail for Sale - $2,500,000 - 15,081 Sq. Ft.

Coldwell Banker DuFour Realty

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Agent Info

NameMICHAEL DONNELLY
CompanyColdwell Banker DuFour Realty

Property Info

CIMLS #1026621
Location2522 COHASSET ROAD
CHICO CA 95973
Last UpdatedNovember 7th, 2018
TypeRetail
Price$2,500,000
Building15,081 Sq. Ft.
DemographicsView data

Contact


Property Description

Currently generating $229,824 in Net A nnual Income. (9.19% A nnual Return on Investment – CA P Rate). T enant pays all Operating Expenses (NNN) and to Extend lease until December 31, 2020. Automotive Dealership Property. North Building is a total of 15,081 SF on 1.13 acres. T his is part of a larger portfolio totaling 42,773 sq. ft. on 5.07 acres that can be leased or purchased in whole or in part as follows: A PN 015-230-032 - North Building - $2,500,000 A PN 015-230-033 - South Building - $3,800,000 A PN 015-230-032 - 2 A cres Vacant Lot - $1,000,000 Entire complex is currently being leased (NNN) until 12/31/20. Can be purchased separately or in its entirety. Subject Properties are close to the prime intersection of East & Cohasset. Zoned Regional Commercial allowing for a wide range of retail and commercial uses and even mixed use residential. Currently leased to Courtesy Motors scheduled to vacate by December 31, 2019. Neighbors included Wells Fargo, Walgreens, Good Earth Mark et, Burger King, Davita Health, Starbuck s, Mod Pizza, Cinemark , T rader Joes, CVS and the entire North Valley Plaza Mall. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Lot size tak en from public records. Buyer is advised to investigate to their satisfacti


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