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$9,750,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 12,522 Sq. Ft.
  • Updated 17 hours ago

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Single tenant medical investment opportunity secured by an ABSOLUTE NNN lease, offers truly passive ownership with minimal landlord responsibilities. This purpose-built 12,522 SF (approx.) surgery center has been occupied by the same well-established medical tenant for approximately 20 years, demonstrating the strong historical performance and long-term stability. The lease includes annual 3.25% increases, providing consistent income growth. Located in an affluent and rapidly growing area of Chico, this offering presents an attractive opportunity for investors seeking stable cash flow, contractual rent growth, and future upside potential in a proven medical location.

Full Property Details for 121 Raley Blvd

General

  • Price: $9,750,000
  • Status: Active
  • Type: Single Family
  • Source: METROLIST_Cali
  • MLS ID: 225144730
  • Updated: 2/27/2026
  • Added to Site: Today

Business

  • Business Type: Medical, Professional Service

Interior

  • Flooring: Tile, Carpet

Additional Information

  • Other Features: Major Tenant, Manager's Office, Cafeteria, Reception Area, Restroom(s)-Private, Restroom(s)-Public, Dumpster, Sprinkler System Landscape, Hydrant(s), Kitchen Facilities, Landscaping

Parking

  • Parking: Open, Visitor, Lighted

Location

  • County: Butte
  • Cross Streets: Forest Ave
  • Driving Directions: Highway 99 North to Chico. Take the Skyway/Park Ave exit to the right. Merge into left lane after Notre Dame Blvd. Turn left on Forest Ave (just past Arby's) then right onto Raley Blvd. Take the third driveway on the right.
  • Location Details: Professional Complex, Freeway Nearby, Restaurant Nearby, Shopping Nearby, Hotel/Motel Nearby

Heating & Cooling

  • Cooling Type: Central, Roof Package Separate, MultiUnits, Multi-Zone
  • Heating Type: Central, Multiple Units, Multi-Zone, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Telephone, Internet Available, Underground Utilities, Natural Gas Connected

Structural Information

  • Structure Type: Office, Detached
  • Construction: Concrete, Stucco
  • Foundation: Concrete, Slab
  • Roof: Flat
  • Stories/Levels: 1
  • Square Feet: 12,522
  • Year Built: 2004

Lot Features

  • Lot Size (Acres): 1.93
  • Lot Size (Sq. Ft.): 84,071
  • Irrigation System: Public District
  • Topography: Level
  • Zoning: Commercial
  • Lot Description: Auto Sprinkler F&R, Storm Drain, Street Lights

Financial Considerations

  • Owner Pays: See Remarks
  • Tenant Pays: Common Area Maintenance, Sewer, Electricity, Taxes, Gas, Grounds Care, Water, Insurance, Janitorial Services, Maintenance
  • Tenant Expense: Common Area Maintenance, Sewer, Electricity, Taxes, Gas, Grounds Care, Water, Insurance, Janitorial Services, Maintenance

Disclosures and Reports

  • Special Conditions: None
  • APN: 002-210-057-000

Listed by Coldwell Banker Associated Brokers

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— 121 Raley Blvd —

  • Coldwell Banker Associated Brokers

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 121 Raley Blvd

School District:Chico Unified School District
NameGradesDistance
Little Chico Creek Elementary School
2090 Amanda Way, Chico, CA 95928
K-51.4 mi
Marsh (Harry M.) Junior High School
2253 Humboldt Road, Chico, CA 95928
6-81.7 mi
Chico High School
901 Esplanade, Chico, CA 95926
9-123.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 Raley Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/27/2026
Listed
$9,750,000
7.73%
MLS
10/20/2023
Sold
$9,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 121 Raley Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$106,742
32%
$9,231,000
2%
2023
$81,071
—
$9,050,000
25%
2023
$81,071
2%
$7,234,860
2%
2022
$79,817
2%
$7,093,001
2%
2021
$78,290
—
$6,953,924
1%
2020
$78,091
110%
$6,882,621
113%
2019
$37,104
—
$3,235,000
—
2018
$37,091
17%
$3,235,000
17%
2017
$31,727
20%
$2,775,000
12%
2016
$26,524
-1%
$2,470,000
—
2015
$26,862
—
$2,470,000
—
2014
$26,930
-2%
$2,480,000
—
2013
$27,422
—
$2,480,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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Listed by Coldwell Banker Associated Brokers

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121 Raley Boulevard, Chico, CA 95928 (MLS# 225144730) is a Single Family property with 0 bedrooms and 0 full bathrooms. 121 Raley Boulevard is currently listed for $9,750,000 and was received on February 27, 2026. Want to learn more about 121 Raley Boulevard? Do you have questions about finding other Single Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.

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