Property Detail

1020 Main

Chico CA 95928

$390,000

Status: Active

Property Details

Description

Opportunity to acquire a fully leased, low-management restaurant investment property at a low price point in downtown Chico. Located at 1020 Main Street, this approximately 2,000 SF building is leased to Carnitas El Rincon, a 22-unit Mexican Restaurant operator, on a 5-year lease commencing May 1, 2025, with set annual rent increases built in. This well-positioned asset benefits from its history as a longstanding restaurant location spanning many decades, offering strong visibility and established restaurant use in one of Chico’s most recognizable commercial corridors. The property also features a rear patio/storage area and a large private parking lot, a valuable amenity in the downtown market. The building has recently undergone significant improvements in connection with the new tenancy, including new interior and exterior paint, updated flooring, upgraded lighting, a new electrical panel, and a NEW ROOF with warranty. Under the lease, landlord responsibility is limited to the roof, foundation, and structural elements of the premises, while the tenant is responsible for all utilities and day-to-day premises and mechanical maintenance obligations, creating an attractive investment opportunity at a low entry level price.

Map Location

Listing provided courtesy of Brandon Harris of Harris Commercial Real Estate. Last updated 2026-05-25 08:24:39.000000. Listing information © 2025 CRMLS.

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Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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