1120 Forest Ave | Chico, CA 95928
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- LoopNet Team
1120 Forest Ave
Chico, CA 95928
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- CVS - Triple Net (NNN) GROUND LEASE! With Corporate Guarantee (Garfield Beach CVS)
- Rent Increases Due: Each Renewal Period.
- Upside Potential with Leasable/Buildable Pad.
- Ground Lease Term is 25 Yrs. / with 16 Yr. remaining years. With 8 Renewable Options of 5 Years each.
- Parking Spaces: 83 with an Executed Reciprocal Parking Agreement with Leasable/Buildable Pad.
- Two Signalized High Traffic Count Intersections.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
C
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.89 AC
Zoning
Community Commercial (CC) - Allowed use: Drive-Thru Pharmacy, Drive-Thru Coffee, Drive-Thru Fast Food, Drive-Thru Banks, Gas Station, Restaurant, Retail, Medical/Office use.
Amenities
- Corner Lot
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 002-050-264-000 | Improvements Assessment | $4,869,225 |
| Land Assessment | $2,167,147 | Total Assessment | $7,036,372 |
PROPERTY TAXES
Parcel Number
002-050-264-000
Land Assessment
$2,167,147
Improvements Assessment
$4,869,225
Total Assessment
$7,036,372
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