for sale - loopnet · nnn income: $93,600/yr dutch bros coffee (coffee canyon, llc, multiple store...
TRANSCRIPT
![Page 1: For Sale - LoopNet · NNN Income: $93,600/YR Dutch Bros Coffee (Coffee Canyon, LLC, Multiple Store Operator) All information, representation and projection shown herein are based](https://reader033.vdocument.in/reader033/viewer/2022041822/5e5eb9dd58323121f8558b7c/html5/thumbnails/1.jpg)
2393 Cohasset Road ● Chico, CA SWC of Pillsbury Road & Cohasset Road (Approximately 40,000 cars per day)
Two Free-Standing Bldgs w/ Drive-Thrus
Dutch Bros Coffee and Mad Dash Pizza
Established Successful Tenant since 2008
9 years and 8 months on current lease
1155 W. Shaw Avenue, Suite 104, Fresno, California 93711 | Telephone 559.222-5768 | Facsimile 559.222.5755
All information, representation and projection shown herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Tailwind Commercial or True North Properties and are subject to change without notice.
For More Information Please Contact:
Jack Jackson Tailwind Commercial
[email protected] (559) 222-5069
Tanner Tingey True North Properties
[email protected] (559) 259-5715
For Sale
$1,870,000
5% Cap Rate
NNN Income: $93,600/YR
Dutch Bros Coffee (Coffee Canyon, LLC, Multiple Store Operator)
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All information, representation and projection shown herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Tailwind Commercial or True North Properties and are subject to change without notice.
Location: 2393 Cohasset Road, Chico, CA 95926
Buildings: Dutch Bros Coffee: ±594 SF (constructed in 2008)
Mad Dash Pizza: ±600 SF (constructed in 2009)
Land Size: ± 21,983 SF APN 007-280-044 & 007-280-045
Tenant: Coffee Canyon, LLC (Operator of Four Stores in greater Chico)
* Mad Dash subleases directly from Coffee Canyon, LLC.
Price: $1,870,000 (5% Cap)
Lease Terms: $ 93,600/YR/NNN (Through December 31, 2022)
$104,400/YR/NNN (Through December 31, 2027)
$115,200/YR/NNN 1st 5-Year Option to Renew
$126,000/YR/NNN 2nd 5-Year Option to Renew
* Ground Lease. Tenant constructed all improvements.
Demographics:
Population Avg HH Income
3 Miles: 82,494 $44,850
5 Miles: 94,480 $47,361
10 Miles: 105,868 $50,225
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C H I C O SUBJECT
All information, representation and projection shown herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Tailwind Commercial or True North Properties and are subject to change without notice.
SUBJECT
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All information, representation and projection shown herein are based on information supplied by sources deemed to be reliable; however, they are not warranted by Tailwind Commercial or True North Properties and are subject to change without notice.
2393 COHASSET ROAD CHICO, CA