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#1251
Chico Restaurants For Sale

Investment Property Next to Chico State University: Net Cap Rate 9% Cap Rate

$499,000
Investment Property Next to Chico State University: Net Cap Rate 9% Cap Rate
This Listing is Expired
Selling Restaurants presents this prime restaurant location including real estate for sale next to Chico State University. This 3600 Sq Ft stand alone building sits on 22,215 Sq Ft of property. The restaurant (approx 2764 Sq Ft) but could easily be expanded to include the approx 836 Sq Ft currently not being used. The back 836 Sq Ft is currently on the market for rent at $600 a month. All of the Furniture, Fixtures and Equipment are owned by the current Landlord and included in the sales price. 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. The Seller is willing to carry a note for a qualified buyer. Please select one of the orange buttons below to gain access to the name and address of this restaurant.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Chico Restaurants For Sale
Lease Term:
Contact Broker

Operations

Hood System Type 1:
Yes

Facilities

Indoor Seating:
45
# of Parking Spots:
22
Inside Sq. Ft.:
3,600
Lot Sq. Ft.:
22215

Highlights

  • Prime Real Estate Next to University
  • Fully Equipped Facility
  • Two Walk-ins
  • 3600 Sq Ft Building
  • Type I Hood System
  • 22215(1/2 acre) Sq Ft Lot w/Plenty of Parking
  • Walk to Chico State
  • Seller will Carry for Qualified Buyer
  • Comercial Zoning CC
  • Extra 220 Sq Ft of Storage
  • Stand Alone Building w/Parking
  • Traffic Counts are 21,900; Counts are from Yr 2000

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

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.


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