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2860 Fair StChico, CA 95928
AMain Hobbies, Sale-Leaseback
Asset ClassIndustrial
Lease-Term Remaining10 Years
Square Feet: 111,388Year Renovated: 2024Access Data Room
AMain Hobbies Sale-Leaseback | HQ Facility | 10 Year Abs. NNN Lease | Chico, CA
overview of deal

Overview

Marcus & Millichap is pleased to present an exceptional sale leaseback opportunity: a 111,388 square foot single-tenant AMain hobbies industrial headquarters facility in Chico, CA. This opportunity offers an absolute triple net lease, ensuring a passive, hassle-free income stream throughout the lease term. The offering includes 2.00% annual rental increases and a 10 year initial lease term with (3) 5-year options to extend.

 

Chico is the most populous city in Butte County, California. The city had a population of 101,475 in the 2020 census. Chico is the cultural and economic center of the northern Sacramento Valley, as well as the largest city in California north of the capital city of Sacramento. The city is home of California State University, Chico, and for Bidwell Park, one of the largest urban parks in the world.

 

Adam Christofferson

Broker of Record

License # 01240999

23975 Park Sorrento

Suite 400

Calabasas, CA 91302

Adam.christofferson@marcusmillichap.com

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Investment Highlights

  • Growing Hobbies Industry
  • Long-Term Lease with Renewals
  • Mission-Critical HQ Operation
  • Robust Industrial Corridor

Investment Overview

Deal Points
Price
$14,851,733
Cap Rate
6.75%
NOI
$1,002,492
GLA
111,388 SF
Lot Size
16.35 AC
Year Built
1990/2023/2024
Lease Type
Absolute NNN
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2860 Fair StChico, CA 95928
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Listing provided by Revere CRE