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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
Updated: 11.20.24 Posted: 02.15.24 Status: Sold    

Summary

Price $14,851,733
Built/Renov 1990/2024
Tenant AMain Hobbies
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 111,388
Lease Start 05-01-2024
#Units 4
Price/SF $133.33
Expiration 04-30-2034
Tenant Type Industrial
NOI $1,002,492
R. Term 8.8
Ownership Fee Simple
Rent/SF $9.00
Increases 2.0%/1/yrs
Pop 5Mi 98,306
Lot/AC 16.35
Options 3/5yrs/2%
AHHI 5Mi $92,830

Highlights

  • AMain Hobbies will be executing a brand-new 10-year lease with 3 (5-year) options to extend at the close of escrow
  • The lease features 2% annual rent increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

AMain Hobbies is strategically located on Golden State Highway 99, with access to a substantial traffic count of 54,900 vehicles passing by daily. The property is surrounded by national tenants such as Applebee's, Hobby Lobby, Big Lots! and more. The 5-mile trade area is supported by a population of 98,306 residents with an average household income of $92,830. Chico is the most populous city...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AMain Hobbies
  • Guarantor:Corporate
  • Company:AMain Hobbies
  • # Units:4
  • Stock:Private

About Tenant

AMain Sports & Hobbies, is a leading Internet retailer of radio-controlled hobbies and performance cycling, priding itself on having the products customers need, when they need it, and providing...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,146 39,330 95,475
2023 Total Population : 2,228 39,557 96,638
2023 Employed Civilian Pop : 1,136 19,835 49,354
2023 Total Businesses : 513 2,627 4,744
2023 Average Household Income : $ 95,110 $ 96,780 $ 97,721
2023 Total Consumer Spending : $ 68 M $ 1388 M $ 3441 M
2023 Median Age : 34 33 33
2023 Total Households : 825 16,487 40,451
2023 Pop Age 25+: Bachelor's Degree : 350 6,853 16,909
2023 Average Home Value : $ 478,385 $ 506,764 $ 499,418
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Skyway Road Golden State Hwy 2021 50,500 0.30 mi
Morrow Ln Notre Dame Blvd 2010 23,460 0.31 mi
Notre Dame Blvd Skyway Rd 2010 16,147 0.33 mi
99 2018 60,000 0.33 mi
Skyway Rd Notre Dame Blvd 2014 31,242 0.35 mi
Skyway Rd Hwy 99 2014 23,967 0.39 mi
Skyway Rd Notre Dame Blvd 2014 20,661 0.42 mi
Midway Sandhill Ct 2014 8,742 0.50 mi
Morrow Ln Zanella Way 2006 894 0.52 mi
State Hwy 99 Southgate Ave 2017 39,000 0.52 mi

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