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Tracy Realty Co.

Tracy Realty Co.
PO Box 3069
Chico, CA

530-893-1909
Contact Us
DRE #01305179

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Listing 12 out of 33
$3,800,000 For Sale

2520 Cohasset Road
Chico, CA 95973


27,692 sq ft

Commercial: Retail - MLS# SN18225098
Property Photo
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Description

Currently generating $422,640 in Net Annual Income. (11.12% Annual Return on Investment – CAP Rate). Tenant pays all Operating Expenses (NNN) and to Extend lease until December 31, 2020. Automotive Dealership Property. South building is 27,692 SF on 1.94 acres. This 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: APN 015-230-032 - North Building - $2,500,000 APN 015-230-033 - South Building - $3,800,000 APN 015-230-032 - 2 Acres Vacant Lot - $1,000,000 Entire complex is currently being leased (NNN) until 12/31/19 and to be extended 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, 2020. Neighbors included Wells Fargo, Walgreens, Good Earth Market, Burger King, Davita Health, Starbucks, Mod Pizza, Cinemark, Trader 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 taken from public records. Buyer is advised to investigate to their satisfaction.

Features

  • Property Type: Commercial
  • Sub Type: Retail
  • Listing Status: Active
  • Zip Code: 95973
  • Year Built: 1973
  • Sq.Ft.: 27,692 sq ft
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Co-Listing Agent License: 01926238
  • Co-Listing Office License: 00848849
  • Condo Area Units: Square Feet
  • Country: US
  • Directions: East Ave
  • Listing Agent License: 01429436
  • Listing Office License: 00848849
  • Lot Size Source: Assessor
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Retail Square Footage: 27692
  • Water Source: Public
Courtesy of Coldwell Banker/Dufour, Michael Donnelly



Tracy Realty Co. | 530-893-1909 | Contact Us
PO Box 3069 - Chico, CA 95927
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