2614 Sussex Ave South Lake Tahoe, CA 96150
Single-tenant NNN leased property with long-term lease and corporate guarantee.
Source:
Naiglobal
Listing Agent: Scott Fair
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Leased Investment Opportunity
This single-tenant NNN leased investment property is located in South Lake Tahoe. The property is leased to Big Brand Tire Company, which is in the third year of a twenty-year lease. The lease includes annual rental increases of two percent. There are two five-year options to extend the lease. The lease requires no landlord management or maintenance responsibilities. Big Brand Tires has operated successfully for over 20 years at this location. The lease includes a corporate guarantee from Big Brand Tire Company. High barriers to entry and virtually non-existent new development in South Lake Tahoe provide significant protection of investment. The property is offered at a 6.75% cap rate.
Location Intelligence
Current Use by Public Records
Big Brand Tire ...
(Bike/Boat/Book/etc) Store
Similar Places Nearby
Enterprise Rent-A-Car
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.984715
- Latitude
- 38.92708
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Single-tenant NNN leased property with long-term lease and corporate guarantee.
Where is this automotive property 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 $1,981,000.
What are key features of this property?
This property features: - Long-term, single-tenant NNN lease with Big Brand Tire Company for stable income.; - Attractive 6.75% cap rate, a strong return on investment.; - 20-year lease with 2% annual rental increases, providing built-in income growth.
