325 Oro Dam Blvd.

325 Oro Dam Blvd., Oroville, CA 95965

— For Sale —

List Price$3.2MM

Cap Rate 5.0%

Year Built 2019

Property Information

Property Overview

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a two-tenant, new construction Domino’s Pizza and Chipotle retail pad located within Feather River Crossings in Oroville, CA. This +/- 4,000 SF building is strategically located along Oro Dam Blvd. and Highway 70, a primary Northern California commuter arterial, with traffic counts in excess of +/- 92,000 CPD. The asset is situated on a +/- 0.57 acre parcel and shadowanchored by Smart & Final with national co-tenants including Ross, Harbor Freight, Fit Republic, Wendy’s, Verizon, Great Clips, and Mattress Firm.

Feather River Crossings is a newly redeveloped center that services a dense and mature area consisting of +/-39,909 residents with an average household income of +/- $59,533 within a 5-mile radius. The retail center is in proximity to Lake Oroville – a recreational area that welcomes +/- 1.4 million visitors annually. The City of Oroville is located in Butte County in the Sierra Nevada Foothills within the Northern Sacramento Valley. Oroville is located just off of State Route 70, approximately 68 miles north of Sacramento and 141 miles west of Reno, NV.

Investment Highlights

New 10-Year Leases | Strong Operators:

  • New leases with fixed rent increases and options.
  • Corporate Lease – Chipotle Mexican Grill (NYSE: CMG).
  • Domino’s Pizza is personally guaranteed by an experienced 3-unit operator.
  • Quick serve restaurants are deemed an essential retailer by the State of California.

New Construction | Grocery Anchored Retail Center:

  • Domino’s Pizza to be delivered May 2021.
  • Feather River Crossings is a +/- 101,316 SF retail center that is anchored by Smart & Final, Ross, Harbor Freight Tools, and Fit Republic.
  • Other national co-tenants include Mattress Firm, Great Clips, Verizon, and Wendy’s.

Regional Retail Location | Strategically Located:

  • The asset is located off of Hwy 70 – a main commuter arterial.
  • Hard corner location with +/- 62,000 CPD at the signalized intersection.
  • Easily accessible with 3 points of ingress/egress.

Strong Demographics | Positive Economic Growth:

  • The asset services +/- 39,909 residents with an average household income of +/- $59,533 within a 5-mile radius.
  • Strong market performance throughout the pandemic with the Oroville Chamber of Commerce reporting an economic performance increase of +/- 20% quarter-over-quarter since Q2 2020.
  • Butte County has +/- 880 Acres of planned residential, hospitality, retail, and golfing development through 2030.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
More Info