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#687
Chico Restaurants For Sale

Prime Real Estate Next to University on Large Lot

$599,000
Prime Real Estate Next to University on Large Lot
This Listing is Expired
Prime Restaurant Real Estate for sale next to Chico State University. This 3600 Sq Ft stand alone building sits on 22,215 Sq Ft of property. There is a Type I hood system as well as a fully equipped kitchen. The restaurant (approx 2764 Sq Ft) is currently rented on a sliding scale for the next three years with a three year option to renew. By the end of the first year the restaurant will be leased at $3750 a month. The back 836 Sq Ft is currently on the market at $600 a month. Total possible rents for the entire facility are $52,200 annually. With a Cap Rate of 7% the investment value of this property is $745,000. All of the Furniture, Fixtures and Equipment are the property of the Landlord. This high visibility location is in a very desirable area of college rentals and just steps from the University. There is approx. 135 feet of street frontage. This is a very busy street for both cars and foot traffic. This is a rare find in Chico. Please select one of the orange buttons below to gain access to the name and address of this restaurant.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale

Operations

Hours Open:
New Restaurant Opening August 2008
Hood System Type 1:
Yes

Facilities

Indoor Seating:
45
Inside Sq. Ft.:
3,600
Lot Sq. Ft.:
22215
Total Building Sq. Ft.:

Highlights

  • Prime Real Estate Next to University
  • Fully Equipped Restaurant
  • Type I Hood System
  • 3600 Sq Ft Building
  • 22215 Sq Ft Lot
  • Currently Leased for the next Three Years w/three Year Option
  • Walk to Chico State
  • Plenty of Parking
  • Great Investment
  • Building is in Great Shape
  • High Foot & Auto Traffic
  • Gross Possible rents $52,200 Annually. Valued with a Cap Rate of 8%

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,389 73,162
Households 1-mi. 5-mi
2010 Number Of Households 15,419 29,899
2010 Persons Per Household 2.34 2.38
Median House Value $270,100 $281,965
Income Per Household $39,216 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,012 2,197
2012 Number Of Employees 26,244 59,120
2012 Total Annual Payroll $507,110,000 $1,017,997,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

Other Listings in the Area
  •  Profitable Mexican Restaurant
    #6426
    Profitable Mexican Restaurant
    Lease:  
    Expires Oct. 1, 2024 with two 5 year options
    Monthly Rent:  
    $5,600
    Annual Revenues:  
    $824,767
    Annual Adj. Net:  
    $198,338
    Square Feet:  
    3,000
    Available
    $175,000

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