Coldwell Banker Commercial is pleased to present 107 Bank Street, a 4,247 SF retail building in the heart of downtown Grass Valley. The property is fully occupied by Booktown Books, a cooperative of independent booksellers that has operated at this location for approximately 20 years.
A new five-year Modified Net Lease was executed in January 2025, providing investors with a 7.16% going-in cap rate and scheduled 3% annual increases, resulting in a blended 7.43% average cap rate over the lease term. Each cooperative member has personally guaranteed the lease, offering a unique level of credit strength and security.
107 Bank Street offers a rare opportunity to acquire a stabilized, income-producing asset with long-term tenant history, personal guarantees, predictable rent growth, and an irreplaceable downtown location adjacent to municipal parking and the city’s premier pedestrian corridor.