Unique opportunity to invest in a NNN property with a tenant of 30 years who intends to stay long term. Tenant has been very steady with dependable sales and has seen an increase in business during unstable times. This hands off investment has a cap rate of 5.6% with annual CPI adjustments. Conveniently located in a high traffic, commercial area directly across the street from the Chico landmark, Sierra Nevada Brewery. This property has been meticulously maintained. New roof coating in 2017 (with 18 year warranty), and new perimeter fencing recently installed. The 21,448 sq ft metal building features 4,000 sq ft of conditioned office/retail space, 3 restrooms and 3 roll-up doors in the warehouse area. The property is gated and fully fenced. Do not disturb business/tenants, call for more information.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
