43163 Hwy 299 E - Bank FOR SALE


Fall River Mills, CA 96028
$1,995,528 USD
949-230-1487
43163 Hwy 299 E, Fall River Mills, CA for Sale
$1,995,528 USD
Bank - FOR SALE
1/8
null | 6.75% Cap Rate

43163 Hwy 299 E
Fall River Mills, CA 96028


HIGHLIGHTS

  • New 15-Year Lease | 2% Annual Rent Increases | Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Corporate Guaranteed NASDAQ: PLBC | Strong Company Financials | Consistent Strong Stock Performance | Award Winning Bank
  • Established Bank Branch Since 1998 | Strong and Growing Deposits
  • Complete Branch Renovation in 2023
  • Strong Real Estate Fundamentals | Main Street Location in Primary Retail Corridor
  • Affluent Demographics: $97,000 AHHI in 5-Miles

OVERVIEW

• New 15-year lease with 1 (15-year) option period to renew • 2% annual rent increases provide a hedge against inflation • Zero Landlord Responsibilities – Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • Ideal, management-free investment for a passive investor

FOR SALE DETAILS

PRICE

$1,995,528 USD

PRICE/SF

$338 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plumas Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C-2

APN/PARCEL ID

032-160-063-000,032-160-064-000

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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