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1355 Washington Avenue is a net-leased drive-thru restaurant offered at $615,000, an 8.21% cap rate. The 1,495 SF single-story building was built in 2018 on a ±0.19-acre (8,276 SF) corner lot zoned NC (Neighborhood Commercial). It sits at a busy roundabout off Montgomery Street, near downtown Oroville. The building has a wrap-around drive-thru lane with a pickup window and a commercial kitchen with hood and Ansul fire suppression. It also has a walk-in cooler and central heat and air. It is leased to The Lamb and The Wolf on a new three-year lease through April 15, 2029. Rent is $4,500 a month plus $800 a month in CAM, for $63,600 in gross annual income and $50,496 in net operating income. With a newer building, a lease in place and a flood-safe FEMA Zone X site, it's an easy-to-own income property for investors and 1031 exchange buyers.
Property Type(s):
Commercial
| Last Updated | 10/27/2026 | Year Built | 1984 |
|---|---|---|---|
| County | Butte |
Additional Details
| HEAT | Central |
|---|---|
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 8276 |
| STORIES | 1 |
Location
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Listed with 1st Choice Realty & Associates Inc
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