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AMain Hobbies – Chico, CA

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AMain Hobbies – Chico, CA

2860 Fair St.

Chico, CA 95928

Price:
$14,851,733
Cap Rate:
6.75%
NOI:
$1,002,492
Rentable SQFT:
111,388 SF
Year Built:
1990/2023/2024
Lot Size:
16.35 AC
Lease Type:
Absolute NNN
Type of Ownership:
Fee Simple
Status:
Under Contract

Investment Highlights

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

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.

 

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

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Jake Bordelon

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858-373-3133

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Adam Christofferson

Broker of Record

Lic #: 01240999