1026 Skyway

$3,250,000

1026 Skyway, Chico, CA 95928

For Sale

Retail Free Standing

Active

Last Updated: 09/15/2026

Details:

Cap Rate: 7.94%

NOI: $258,000

Building Size: 28,235 sqft

Lot Area: 3 acres

Occupancy: 100%

Year Built: 1978

Floors: 2

Parking Spots: 124

Offered by

Jeffrey Helm

Helm Properties

#BRE# 01428618

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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

Description:

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.

1026 Skyway is strategically located within one of Chico’s established regional commercial corridors, near the intersection of Skyway and Notre Dame Boulevard and just minutes from State Route 99. The property benefits from convenient access to the freeway and strong connectivity to Downtown Chico, surrounding residential neighborhoods, and communities along the Skyway corridor.

The property is positioned within Chico’s Skyway regional commercial area, which is home to numerous national and regional retailers. Nearby businesses and shopping destinations include Home Depot, Lowe’s, TJ Maxx, Raley’s, Starbucks, and other retail, dining, and service-oriented uses. The City of Chico identifies the Skyway area as a regional commercial center serving both Chico and the greater surrounding region.

The site also offers excellent accessibility with two points of access—one from Skyway and another from Notre Dame Boulevard near the Home Depot entrance—providing convenient ingress and egress and strong exposure within the surrounding commercial district.

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