2040 Building

Description:

This high-visibility retail opportunity features a newly constructed building anchored by a national Starbucks, which recently opened and is drawing consistent daily traffic. Built in 2021, the ±3,970 square foot building is modern, efficient, and ideally configured for high-performing retail tenants.

Starbucks occupies Suite A (±1,367 SF), leaving two prime suites available: Suite B (±1,360 SF) and Suite C (±1,243 SF), totaling ±2,735 SF of divisible space. These suites are ideal for quick-service restaurants, health/wellness users, or retail brands looking to co-tenant with a major draw.

The property offers 14 dedicated parking spaces (29 total on-site), ensuring excellent accessibility for tenants and their customers. Lease terms are structured to attract long-term, credit-worthy tenants, with 10–15 year options, 3% annual escalations, and a triple-net (NNN) structure. Base rent is marketed at $5.00 PSF, with NNN estimated at $1.15 PSF.

The ownership is actively seeking corporate-guaranteed or established franchise tenants and is open to Build-to-Suit opportunities or generous Tenant Improvement (TI) packages for the right users.

Strategically positioned at the signalized corner of Grand Avenue and 3rd Street in Oroville, this property offers excellent highway visibility and convenient access. The site is easy to enter and exit, making it ideal for both destination and impulse-driven visits. Situated in a rapidly growing area with no immediate competition, the property benefits from strong residential and retail synergies nearby.

2 Spaces Available

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