2614 Sussex Ave - Auto Repair FOR SALE


South Lake Tahoe, CA 96150
$1,981,000 USD
530-525-2304
2614 Sussex Ave, South Lake Tahoe, CA for Sale
$1,981,000 USD
Auto Repair - FOR SALE
1/4
null | 6.75% Cap Rate

2614 Sussex Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Long-term lease through October 31, 2042
  • Two additional five-year tenant extension options
  • 2% annual increases in base rent
  • Landlord obligations primarily limited to structure and major capital replacements
  • ±2,046 SF automotive service building and Two contiguous parcels totaling approximately ±0.43 acres
  • Market Stability: High entry barriers and no new development in South Lake Tahoe ensure strong investment protection.

OVERVIEW

NAI Tahoe Sierra is pleased to offer for sale the fee-simple interest in 2606 and 2614 Sussex Avenue in South Lake Tahoe, California. The property is leased to Big Brand Tire & Service under a long-term lease extending through October 31, 2042, with two additional five-year extension options. The lease provides for 2% annual rent increases and requires the tenant to pay real estate taxes, utilities, building insurance, snow removal, grounds maintenance, and most property repairs and operating expenses. The offering includes two contiguous parcels totaling approximately 0.43 acres, a ±2,046 square foot automotive service building, and approximately 22 striped parking spaces. The landlord’s obligations are primarily limited to structural components and specified capital replacements, providing an investor with stable long-term income and limited ongoing management responsibilities.

FOR SALE DETAILS

PRICE

$1,981,000 USD

PRICE/SF

$968 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

HDR

APN/PARCEL ID

031-258-001-000,031-258-002-000

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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Scott FairNAI Tahoe SierraMore Info
530-525-2304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.