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2614 Sussex Ave South Lake Tahoe, CA 96150

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For Sale
$2,142,000

Single-tenant NNN leased property with long-term lease and corporate guarantee.

Source: Scott Fair Agent Scott Fair

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Leased Investment Property

This single-tenant property in South Lake Tahoe is leased to Big Brand Tire Company. The tenant is in the third year of a twenty-year lease, which features annual rental increases of two percent. The lease also includes two five-year options to extend. The lease is an absolute NNN lease, requiring no landlord management or maintenance responsibilities, and includes a corporate guarantee from Big Brand Tire Company. Big Brand Tires has been in operation for over twenty years at this location. The property consists of two contiguous parcels of land totaling approximately 18,730 square feet, including a building of approximately 2,046 square feet. South Lake Tahoe has high barriers to entry, with new development being virtually non-existent.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Big Brand Tire ... Tire Shop

Suggested Use

Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Lake Tahoe Tire Company, Street Shakers Car Audio, 10-20 Towing, Newtown Towing Services, South Lake Tahoe Towing

Location Insight

  • Map
  • Local Demand
City
South Lake Tahoe
County
El Dorado
State
California
Longitude
-119.984715
Latitude
38.92708

FAQs

What type of property is this?
Auto shop - Single-tenant NNN leased property with long-term lease and corporate guarantee.
Where is this auto shop located?
The property is located at 2614 Sussex Ave South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $2,142,000.
What are key features of this property?
This property features: - Absolute NNN Lease, simplifying ownership with no landlord responsibilities.; - Long-Term 20-year Lease with Big Brand Tire Company, featuring 2% annual rental increases.; - Strong Tenant Performance: Big Brand Tires has a 20+ year operating history at this location.
More about this property
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