375 Oro Dam Blvd.

375 Oro Dam Blvd., Oroville, CA 95965

— For Sale —

List Price$3.3MM

CAP Rate 5.4%

Year Built 2019

Property Information

Property Overview

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a multi-tenant retail pad located within Feather River Crossings in Oroville, CA. This +/- 6,000 SF building was built in 2019 and is 100% occupied by national tenants including Mattress Firm, Verizon Wireless, and Great Clips. The asset is strategically located along Feather River Blvd. and Oro Dam Blvd. and positioned near Highway 70, a primary Northern California commuter arterial, with combined traffic counts in excess of +/- 92,000 CPD. The asset is shadowanchored by Smart & Final with national co-tenants including Ross, Harbor Freight, Fit Republic, Wendy’s, Domino’s Pizza, and Chipotle Mexican Grill.

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

National Tenants | Strong Operators | Internet Resistant Tenants:

  • Recently secured long term leases with fixed increases and options.
  • The building is comprised of an internet resistant tenant mix that offers furniture, telecommunications, and beauty services.
  • Tenant uses are all deemed safe to open by the State of California.

Class A Building | Grocery Anchored Center:

  • Class A construction completed in 2019 with quality fixtures and materials.
  • 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 Domino’s and Chipotle Mexican Grill.

Regional Retail Location | Strategically Located:

  • The asset is located off of Hwy 70 – a main commuter arterial.
  • The property is positioned near the signalized intersection of Feather River Blvd. and Oro Dam Blvd.
  • Primary Northern California commuter arterial, with combined traffic counts in excess of +/- 92,000 CPD
  • 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