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672 Oro Dam Blvd E, Oroville, CA, 95965

PhyNet Dermatology

$1,335,411

Key Information

Cap Rate
7.5%
$ per SF
$148
Tot. SF
9,000
Lot Size
1.19 Acres
Units
7
Year Built
2008
Type
Shopping Centers
Occupancy
89%
NOI
$100,156

Highlights

• National Healthcare Anchor – Anchored by PhyNet Dermatology, one of the nation’s largest dermatology MSOs, supporting 100+ affiliated practices and 280+ physicians and providers across 18 states.
• Diversified Tenant Mix – The property features a complementary mix of healthcare, retail, and service tenants, including PhyNet Dermatology, Quest Diagnostics, Supercuts, and LV Nails, providing multiple sources of rental income.
• NNN Leases & Built-In Rent Growth – The majority of tenants operate under NNN leases with scheduled annual rental increases, providing contractual income growth and limited landlord responsibilities.
• Strategic Location – Positioned along Oro Dam Boulevard East near Highway 70, the property offers strong visibility and convenient access throughout Oroville and surrounding Butte County communities.
• Established Retail Corridor – The property shares parking with neighboring Arby’s and KFC locations and is surrounded by national retailers including CVS, McDonald’s, Starbucks, Walmart, and Harbor Freight, positioning the site within an established shopping and dining corridor.
• Value Add Opportunity – Approximately 89% occupied, the ±9,000-square-foot property offers an opportunity to increase rental income through leasing the remaining ±1,000-square-foot suite.

Photos

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Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245