The Shops at Mangrove are located in the heart of Chico at the gateway to downtown and California State University, Chico. This is one of the city's most attractive retail centers directly across from Chipotle, Rite Aid and the Safeway anchored Park Plaza Shopping Center. This is a daily needs drive by location at the corner of Mangrove & Vallombrosa, with a combined traffic count of more than 35,000+ vehicles per day. Within walking distance to Chico Junior High, Chico State and Chico High School. The center is 90% leased out. The center consists of three separate buildings on two parcels. Two of the buildings at 605 Mangrove (Parcel 003-210-018) are a leasehold interest with a long term ground lease. The third building at 615 Mangrove (Parcel 003-210-019) is on a fee parcel. The ground lease has approximately 42 years of control remaining including options. The NOI has been calculated net of the annual ground lease payments. The ground lease provides for a 12% increase every five years. The leasehold interest vs fee ownership allows an investor to own a newer quality center at a higher than average cap rate compared to comparable quality assets in California.
2400 sq. ft.- 7200 sq. ft. of Build to Suit Office starting at $1.75/Sq. Ft. Would make for excellent Medical Space and can be designed to fit your needs.
Office consists of nine private offices, two entrances (that can be additional private office), and a breakroom in a quiet professional complex. Building has ample parking and is centrally located near freeway access.
Prime corner location ln the heart of Chico's best daily needs shopping area. Suite 125 Corner building with 2,000 sq. ft. currently set for a restaurant with outdoor patio seating. Great signage and visibility at the corner of Mangrove and Vallombrosa, one of the best retail intersections in town. Right across from Chipotle and Rite Aid. Neighboring Tenants include Jersey Mike's, T-Mobile, Message Envy, Gen Kai Sushi and Brave Coffee. Landlord motivated to put a good lease package together so your business will profit and grow. The Shops at Mangrove are now being marketed and leased locally for the first time. Great opportunity to lock in a good deal. Why spend a fortune in rent on overpriced commercial space? Call now to discuss your opportunity.
Triple net investment opportunity for a fully leased small office space with long term Tenants allowing for stable income. This condominium is occupied by a medical user. The office is surrounded by predominately medical users, an extensive amount of residential units (SFH, condominiums, and multifamily), down the street from Enloe Hospital planned expansion on East Avenue, and seconds from Highway 99 / East and Esplanade intersection. Shared parking throughout and on the corner of signalized intersection at Holly Avenue on a main thoroughfare through Chico connecting you to most places in Chico within 15 minutes. 631 W East Avenue also available for investment purchase or owner occupied user.
PRIME RETAIL, HARD CORNER. Centrally located, at one of Chico's busiest, signalized, intersections (40,0000 +/- vehicles per day), the subject property is the primary out parcel, for a Wallgreen's anchored community shopping center (Northern Crossing), that also includes New Earth Market, Chase Bank, and Orange Fitness. It is also situated directly across the street from the North Valley Plaza Mall (approx 260,000 +/- sq. ft shopping center), one of Chico's premier retail destinations, with a solid tenant mix that includes; Trader Joe's, Sportsman's Warehouse, Buffalo Wild Wings, Starbucks, Panda Express, CVS, Cinemark Movie Theatre, as well as numerous other national/regional retail operators. Freeway close, with easy access, and zoned Regional Commercial (CR), this property would be ideal for a multitude of retail/service related uses, including professional office.
HARD CORNER location with excellent exposure on one of the busiest intersections in Chico, California. Situated on the southeast corner of the seven-lane intersection, the subject property boasts over 40,000 cars/day and is directly across the street from the largest shopping destination in north Chico including The North Valley Plaza (260,074 SF including Trader Joe’s, CVS, Sportsman’s Warehouse, Starbucks, Panda Express, Buffalo Wild Wings, BofA), and Northern Crossing Shopping Center (62,291 SF including Walgreen’s, Chase Bank, New Earth Market). The existing building is currently set up as a retail store, but the Regional Commercial (CR) zoning permits retail, office, and services uses. Improvements are available for qualified tenants. Property is available for ground lease.
Land Lease at $1500/month or Build to Suit. This is a great corner lot near the intersection of E 1st Avenue and Hwy 99 with a very high traffic count.
The median home value in Chico, CA is $337,900. This is higher than the county median home value of $277,500. The national median home value is $219,700. The average price of homes sold in Chico, CA is $337,900. Approximately 39.68% of Chico homes are owned, compared to 49.77% rented, while 10.54% are vacant. Chico real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chico real estate agent to arrange a tour today!
Chico, California 95926 has a population of 90,660. Chico 95926 is more family-centric than the surrounding county with 30.56% of the households containing married families with children. The county average for households married with children is 28.07%.
The median household income in Chico, California 95926 is $45,337. The median household income for the surrounding county is $46,516 compared to the national median of $57,652. The median age of people living in Chico 95926 is 29.9 years.
The average high temperature in July is 93.1 degrees, with an average low temperature in January of 34.6 degrees. The average rainfall is approximately 42.3 inches per year, with 0 inches of snow per year.