Asset Snapshot
Regional Mall
Retail Subtype
$258,000
NOI
1978
Year Built
2
Floor Count
1
Building Count
124
Parking Spots
3.00 Acres
Land Area
100%
Occupancy
Offering Summary
Investment Overview
Helm Properties is pleased to offer 1026 Skyway, a freestanding single-tenant fitness property on approximately three acres at the corner of Skyway and Notre Dame Blvd in Chico’s premier south-side retail corridor. The property is currently leased to Lions Den on an absolute-net basis through August 31, 2033, generating $258,000 in annual net income with the tenant responsible for 100% of taxes, insurance, and common-area expenses.Investment Highlights
- $258,000 NOI / 8.0% cap rate at $3,250,000
- Absolute NNN — tenant pays 100% of taxes, insurance and CAM
- Lease term through August 31, 2033 with one 5-year renewal option
- New roof installed August 2026 — transferable 20-year warranty
- 28,235 SF on approximately 3 acres across three parcels — pad and redevelopment potential
- $115/SF, well below replacement cost, with three acres of land included
- In-place rent of $0.76/SF/mo NNN — below market for the corridor
- Corner location with frontage on Skyway and Notre Dame Blvd
- Surrounded by Home Depot, T.J. Maxx, Raley’s, Ross, Starbucks and Target
How it Works
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Listing Syndicated From
For Sale
$3,250,000
Asking Price
Investment Sales Broker
