2315 Esplanade offers a new owner the rare opportunity to acquire a single-tenant net leased investment in the thriving suburban market of Chico, California. This 19,457-square-foot, freestanding retail building is occupied by La-Z-Boy Furniture Galleries which is locally owned and operated by the largest Northern California La-Z-Boy franchisee. This absolute net investment is an advantageous addition to a new or existing investment portfolio. Being offered at below market value, 2315 Esplanade offers reliable income, annual rent increases, and future upside potential.

Branded as a La-Z-Boy since 1996, this location has a strong track record of successful furniture sales and proven commitment to this Chico location. La-Z-Boy Incorporated is one of the world’s leading residential furniture producers, marketing furniture for every room of the home. The company’s recognized distribution network is dedicated to selling La-Z-Boy Incorporated products and brands, which include 355 stand-alone La-Z-Boy Furniture Galleries stores and 561 independent Comfort Studio locations. The company’s revenue exceeds $1.7 billion.

Chico is a thriving suburban community located along the Golden State Highway approximately 90 miles north of Sacramento, California. This scenic residential town is teeming with outdoor adventure, situated at the base of Butte Creek Canyon and a short drive to multiple national forests. Chico highlights an affluent demographic profile within a 5-mile radius of 2315 Esplanade. There are 106,000 residents earning an average household income of $92,000. Consumers spend an astounding $1.4 billion annually, with $85 million spent on household equipment and furniture. Chico is a premier location for new investment, backed by a stable economy and growing population.

Property tours are available by appointment only. Please contact the listing broker to schedule.