Oroville, CA - Chick-fil-A
$4,750,000
350 Oro Dam Boulevard East, Oroville, CA 95965
4
Cap Rate
190,000
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed Chick-fil-A investment property located in Oroville, California. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 3 (5-year) and
1 (4-year and 11-month) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a steady growth in NOI and a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment for a passive investor. Chick-fil-A is an industry-leading brand, and the site will feature their latest 2026 construction with a dual drive-thru to maximize efficiency and sales volume.
The property is strategically situated at a signalized, hard corner intersection of Oroville Dam Boulevard (30,500 VPD) and State Highway 70 (23,700 VPD), two primary retail thoroughfares serving the region. The site is directly across from the Feather River Crossings shopping center, a major regional draw that receives over 1.4 million annual visits and is anchored by national brands including Smart & Final, Ross, and Harbor Freight. The immediate vicinity is a high-traffic retail corridor featuring Walmart Supercenter, Tractor Supply, and Planet Fitness, as well as newly developed adjacent tenants Maverik and Dutch Bros. Oroville serves as a growing regional hub within the Chico MSA, supported by significant residential development with over 1,700 housing units recently completed or in the pipeline. Furthermore, the area benefits from a substantial retail leakage of over $291 million and robust tourism from the nearby Lake Oroville State Recreation Area, which attracts more than one million visitors annually, ensuring a consistent and broad consumer base for the subject property. The 5-mile trade area is supported by over 37,600 residents and 15,900 employees with an average household income exceeding $79,000.
Location
Gallery
