510 N Main St - Bank FOR SALE


Alturas, CA 96101
$2,656,896 USD
949-230-1487
510 N Main St, Alturas, CA for Sale
$2,656,896 USD
Bank - FOR SALE
1/8
null | 6.75% Cap Rate

510 N Main St
Alturas, CA 96101


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
  • Excellent Visibility & Access Along N. Main St (6,900 VPD) |Near State Highway 299 (5,000 VPD) | Primary Retail Corridor
  • Established Bank Branch Since 1994 | Strong and Growing Deposits
  • Strong Real Estate Fundamentals | Main Street Location in Primary Retail Corridor

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

$2,656,896 USD

PRICE/SF

$677 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

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

Commercial

APN/PARCEL ID

002-152-014-000

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.