535 Searls Ave - Freestanding FOR SALE
Nevada City, CA 95959 |
$1,500,000 USD
214-295-6517
535 Searls Ave
Nevada City, CA 95959
HIGHLIGHTS
- The corporately guaranteed lease features extremely rare 3% annual increases throughout the base term and the two, 5-year option periods.
- Market rent in Nevada City is nearly $25/SF while this location is paying just over ±$10/SF.
- Features incredibly low vacancy rates which helps position this location as a strategic long-term home for NAPA Auto Parts.
- Country Living Magazine just recognized Nevada City as one of the top 10 best small towns in America in a January 2025 publication.
- This location has been an auto parts retail location for well over ±20 years – cementing the location as a crucial business in Nevada City, CA.
FOR SALE DETAILS
PRICE
$1,500,000 USD
PRICE/SF
$182 USD /SF
CAP RATE
5.94%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NAPA Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
-
APN/PARCEL ID
005-280-017-000
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214-295-6517
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214-295-6517
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