Plumas Lake Blvd - Freestanding FOR SALE
Plumas Lake, CA 95961 |
Plumas Lake Blvd
Plumas Lake, CA 95961
HIGHLIGHTS
- New 15-year absolute net corporate ground lease with no landlord maintenance responsibilities
- 10% rental increases every 5 years throughout the lease providing solid rent growth and a hedge against inflation
- The tenant, BP Products North America Inc., maintains an S&P investment grade credit rating of "A-" with a "stable" outlook
- Brand new, high-quality construction with convenience store, gas station and canopy with 16 nozzles, and car wash
- Reverse build-to-suit with Landlord owning the improvements for depreciation benefit - may qualify for accelerated depreciation (Please consult CPA)
- The Hard Rock Hotel & Casino and the Toyota Amphitheater, located three miles east, have proposed expansion plans to the Sports & Entertainment Zone t
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
ARCO ampm - S&P A- Rated Corporate Tenant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
4080
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
016-631-013-000,016-632-005-000,016-632-006-000,016-632-007-000
