Value-Add Retail | 97,620 SF Shopping Center | 8.03 Acres

Highlights:

• History of Long-Term Tenancy (70% of Tenants 10+ Years Tenancy)
• Value-Add Opportunity: Current Occupancy at 62% Allows for Substantial Lease-Up Upside
• Prime Location: Situated on a Hard, Signalized Corner with Traffic Counts Exceeding 45,000 Vehicles Per Day
• Redevelopment Potential: Over 8 Acres of Land with High Visibility and Strong Corner Positioning
• Diverse Tenant Mix: Anchored by Dollar Tree (Tenant Since 2002) and Salvation Army Thrift Store (Tenant Since 2010), Plus a Mix of Service-Oriented and Restaurant Tenants
• Below-Market Rents: All Tenants Currently Paying Rents at or Below Market Rates, Presenting Potential for Future Rent Growth

Description:

Ri Marketplace Online Auction March 9th-11th, 2026
Register to bid on Marketplace

https://rimarketplace.com/auction/2922/value-add-retail-97-620-sf-shopping-center-8.03-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2922

Marcus & Millichap is pleased to present a 97,620-square-foot neighborhood shopping center situated on 8.03 acres across five commercial-zoned parcels in Oroville, California. Known as Oroville Plaza, the center is prominently located at the signalized intersection of Oro Dam Boulevard and Lincoln Street, which experiences traffic counts exceeding 45,000 vehicles per day.

The property comprises 15 suites, four of which are currently vacant. The vacant unit's range in size from 1,290 square feet to 31,044 square feet. The largest vacancy, measuring 31,044 square feet, was formerly occupied by Big Lots, which vacated in late 2024 as part of the retailer’s Chapter 11 bankruptcy proceedings.

The largest current tenant is Dollar Tree, occupying 18,500 square feet. Dollar Tree has operated at the center since 2002 and recently executed a fourth amendment to their lease that extended the lease term an additional 5 years. The second-largest tenant is the Salvation Army Thrift Store, which occupies 14,212 square feet, has been a tenant since 2010, and currently operates on a month-to-month lease. Other tenants include Mountain Mike’s Pizza, Prime Time Nutrition, Rent-A-Center, Tacos Tijuana Restaurant, Oro Jewelry & Loan, Holbrook Furniture, Smoke & Toke, and a newly signed lease with Mi Jalisco Restaurant. Notably, all tenants are paying rental rates at or below market levels, providing additional upside potential.


Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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