Auto Dealership Properties - LoopNet · Auto Dealership Properties FOR LEASE -PURCHASE OPTION 2520...
12
Auto Dealership Properties www.CBCNorcal.com FOR LEASE - PURCHASE OPTION 2520 Cohasset Road Chico, CA 95973 Coldwell Banker Commercial DuFour Realty Mike Donnelly 530-828-0011 Rodney Krebs 530-893-5871 Carrie Welch 530-570-5107 PREPARED BY: DuFour Realty
Transcript of Auto Dealership Properties - LoopNet · Auto Dealership Properties FOR LEASE -PURCHASE OPTION 2520...
Auto Dealership Properties
www.CBCNorcal.com
FOR LEASE - PURCHASE OPTION 2520 Cohasset Road
Chico, CA 95973
Coldwell Banker Commercial
DuFour Realty
Mike Donnelly
530-828-0011
Rodney Krebs
530-893-5871
Carrie Welch
530-570-5107
PREPARED BY:
DuFour Realty
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
2
AUTO DEALERSHIP PROPERTIES
EXECUTIVE SUMMARY
THE PROPERTY
Auto Dealership Properties
2520 - 2522 Cohasset Road
Chico, CA 95973
APN: 015-230-032 015-230-033 015-230-034
Property Type: CR - Regional Commercial
Number of Buildings: 3
Total Square Footage: 42,773
Land: 5 Acres - 3 Parcels
Frontage: 479 Feet
PROPERTY SPECIFICATIONS
PRICE
MARKET HIGHLIGHTS
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS
With a population of about 115,000 in the greater urban
area, Chico is home to California State University, Chi-
co and is the medical, retail and cultural hub of a three
county metropolitan market area serving Butte, Glenn
& Tehama Counties. The Chico region is also a global
leader in farm production and is consistently ranked
high as “best places to live”, bike & arts towns.
• 3 Buildings
• 5 Acres
• Huge Yard
• 2 Showrooms
• Across from Walgreens/Good Earth Market/North Valley Plaza
• 17,275 Cars Per Day (AADT)
• Possible Mixed Use/Retail Shopping Development
One of the largest commercial portfolio properties to come
on the market in quite some time. Automotive Dealership
property on three parcels totaling five acres close to the
prime intersection of East & Cohasset. Zoned Regional
Commercial allowing for a wide range of retail and com-
mercial uses and even mixed use residential. Currently
leased to Courtesy Motors scheduled to vacate by Decem-
ber 31, 2019. Neighbors include: Wells Fargo,
Walgreens, Good Earth Market, Burger King, Davita
Health, The Pour House, Starbucks, Mod Pizza, Cinamark,
Trader Joes, CVS and the entire North Valley Plaza Mall.
OCCUPANCY AND POSSESSION CANNOT BE
DELIVERED UNTIL 1/1/20.
Lease Rate: $60,000 per month
Type of Lease: Net (NNN)
Lease Rate: $60,000 per month
Type of Lease: Net (NNN)
South Building: 27,733 Sq. Ft./1.94 Acres
North Building: 15,081 Sq. Ft./1.13 Acres
Vacant Lot: 2 Acres
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
3
AUTO DEALERSHIP PROPERTIES
PROPERTY OVERVIEW
PROPERTY PHOTOS
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
4
AUTO DEALERSHIP PROPERTIES
PROPERTY OVERVIEW
PROPERTY PHOTOS
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
5
AUTO DEALERSHIP PROPERTIES
MAPS
10 Minutes to University
&
Downtown Chico
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
6
AUTO DEALERSHIP PROPERTIES
AERIAL
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
7
AUTO DEALERSHIP PROPERTIES
AERIAL
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
8
AUTO DEALERSHIP PROPERTIES
TAX MAP
APN 015-239-032, 015-239-033, 015-239-034
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
9
AUTO DEALERSHIP PROPERTIES
MARKET OVERVIEW
ABOUT CHICO
With a population of about 115,000 people in the Greater Chico
Urban Area, this “university town” serves as the medical, retail and
cultural hub of a three county metropolitan market area, serving
Butte, Glenn and Tehama Counties in Northern California.
Chico is home to California State University, Chico and Bidwell
Park, one of the 25 largest municipal parks in the country. Other
major cities in the Chico Metropolitan Area include Paradise and
Oroville, as well as the smaller communites of Gridley, Biggs,
Hamilton City, Willows, Orland and Corning.
Chico has been ranked #10 Best Small Art Town in America, #1
Forbes Magazine's "Best Places in America", and #13 in Mon-
ey.com's "Best Places to Live" Survey. Chico has also been identi-
fied as one of Kiplinger's "Great Places to Retire", and also as the
#1 Cycling Community in America by Bicycling Magazine. Chico's
total retail sales have hovered around $1.5 billion dollars in recent
years, and the city has been generating more than $14 million dol-
lars annually in sales tax revenue.
As a leading exporter in rice, almonds and other farm commodi-
ties, the Chico area agriculture industry is a global leader in farm
production, helping to feed the world and bringing substantial reve-
nue into the local economy. California State University, Chico, is
one of the most affluent student populations in the entire C.S.U.
system and is also a major economic driver.
The population growth rate continues to rise by about 2% annually.
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
10
AUTO DEALERSHIP PROPERTIES
DEMOGRAPHICS
Population 1-mi. 3-mi. 5-mi.
Total Population 10,310 57,436 99,819
Group Quarters Population 36 905 3,203
Urban Population 10,305 57,245 97,223
Rural Population 5 192 2,595
Not defined 0 0 0
Adult Population 7,815 45,159 80,420
Ratio of Males to Females 0.9 1 1
Female Population 5,358 29,218 50,234
Male Population 4,951 28,219 49,584
Land Area (Square Miles) 2.3 17.8 81.5
Age 1-mi. 3-mi. 5-mi.
Median Age, Total 32.8 33.1 29.9
Median Age, Male 31.1 31.5 28.6
Median Age, Female 34.7 34.9 31.4
% Age 18+ 75.8 78.6 80.6
% Age 21+ 72.2 73.1 71
% Age 55+ 23.4 23.9 22.1
% Age 65+ 13.1 12.5 11.4
Ethnicity 1-mi. 3-mi. 5-mi.
% White 70.8 74.2 72.6
% Black 1.9 1.9 1.9
% Asian 5.2 3.8 4.4
% Hispanic 17 15.4 16.2
% Other 5.1 4.7 4.8
5 Year Projections 1-mi. 3-mi. 5-mi.
Total Population 10,682 60,130 104,097
Group Quarters Population 36 905 3,203
Adult Population 8,088 47,398 84,083
Total Households 4,621 24,948 42,161
Per Capita Income (based on Total Population) 25,636 29,034 28,689
Total Population 16+ 8,351 48,823 86,397
5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.
% White 68.8 72.7 70.9
% Black 2.1 2 2
% Asian 5.5 4 4.7
% Hispanic 18.3 16.6 17.6
% Other 5.3 4.8 4.8
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
11
AUTO DEALERSHIP PROPERTIES
CONTACT INFORMATION
For more information, please contact:
Mike Donnelly
COLDWELL BANKER COMMERCIAL
DuFour Realty
1350 E. Lassen Ave.
Suite 1
Chico CA 95973
Phone: (530) 896-3126
Fax: (530) 343-8233
Mobile: (530) 828-0011
Rodney Krebs
COLDWELL BANKER COMMERCIAL
DuFour Realty
1350 E. Lassen Ave.
Suite 1
Chico CA 95973
Phone: (530) 896-3168
Fax: (530) 343-8233
Mobile: (530) 518-2017
Carrie Welch
COLDWELL BANKER COMMERCIAL
DuFour Realty
1350 E. Lassen Ave.
Suite 1
Chico CA 95973
Phone: (530) 896-3136
Fax: (530) 343-8233
Mobile: (530) 570-5107
DuFour Realty
PROPERTY NAME
www.CBCNorcal.com
12
AUTO DEALERSHIP PROPERTIES
CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a poten-
tial investor in determining whether it wishes to proceed with an in-depth investigation of the sub-
ject property. While the information contained herein is from sources deemed reliable, it has not
been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions
considered reasonable under the circumstances. No representations or warranties, expressed or
implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is sub-
ject to modification or withdrawal. The contents herein are confidential and are not to be repro-
duced without the express written consent.
Interested tenants and buyers should be aware that the Owner is Leasing or selling the Property
“AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF
ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, Tenant and
buyer will be given a reasonable opportunity to inspect and investigate the Property and all im-
provements thereon, either independently or through agents of the Tenant’s or buyer’s choosing.
The Owner reserves the right to withdraw the Property being marketed at any time without notice,
to reject all offers, and to accept any offer without regard to the relative price and terms of any oth-
er offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) in-
corporated in a formal written contract of purchase and sale to be prepared by the Owner and exe-
cuted by both parties; and (iii) approved by Owner and such other parties who may have an inter-
est in the Property. Neither the prospective Tenant or buyer nor Owner shall be bound until execu-
tion of the contract of purchase and sale, which contract shall supersede prior discussions and writ-
ings and shall constitute the sole agreement of the parties.
Prospective Tenants and buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
