Ulta – Chico, CA

  • Ulta - Chico CA
  • Ulta - Chico CA
  • Ulta - Chico CA

Available $7,260,000 - Retail - Single Tenant
Cap Rate:  5.0%Size:  1.17 AcresTerm:  11.4 Print

 Investment Offering & Highlights

  • 15-year lease term (11.5 years remaining) with 10% increase in 2026
  • ULTA Beauty (NASDAQ:ULTA) is a publicly-traded Fortune 1000 company
  • ULTA Beauty is the largest beauty retailer in the United States with over 907 locations across 48 states
  • ULTA Beauty generated over $6.7 billion in 2019
  • Shadow anchored by high performing Costco location – only Costco in the entire region servicing over 280,000 people from 11 different cities (Costco expanded and rebuilt its facility in 2008)
  • The subject property is one of the first ULTA stores to open north of Auburn and is over 70 miles south of the nearest ULTA Beauty location
  • Adjacent to Sierra Nevada Brewing Company – a major tourist destination and one of the nations largest brewers, producing over 1.25 million barrels of beer a year

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer a 10,055± square foot single-story retail building with ample onsite parking. The building is leased to ULTA Salon, Cosmetics & Fragrance, Inc now ULTA Beauty for 15 years at an annual rent of $363,000, increasing 10% in November 2026. There are three 5-year renewal options at the same terms with approximate 10% increases at the start of each option. The lease is net with the tenant responsible for taxes, insurance, their prorata share of the common area, and reimbursement to the landlord for maintaining of the exterior of the property including parking lot and landscaping. The Landlord is responsible for the roof, structure and maintenance of the exterior of the property (which shall be reimbursed by the tenant).

Please use the following link to access the full OM: https://www.crexi.com/properties/329393/california-ulta-northern-california-increases

  • Offering Memorandum

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Property Location