Retail Pad Building in
2920 Main St Susanville, CA 96130
2920 Main St, Susanville, CA, 96130
Contact for pricing
For Sale
Contact for pricing
6,500 SF retail building in Walmart Plaza.
Property Size6,500 SF
Price / SF$175.38
Days on Market1627
Property Features for 2920 Main St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency
Epic Real Estate Advisors, Inc
(916) 837-9384
Listed by
Heath Charamuga · License #CA 01189551
Source
Crexi
Added: Feb 1, 2022 Checked: Jul 16 at 9:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epic Real Estate Advisors, Inc
Investment Insights
Based on property information with market context.
The Walmart Plaza Shopping Center features a 6,500 square foot pad building leased to T-Mobile. The property is located in an opportunity zone and offers exposure to Highway 36 and monument signage. Walmart completed an expansion and remodel in 2019 after being at the site for over 30 years. The building is positioned at the main entrance and offers access to the adjacent Safeway shopping center. A new drive-thru lane is pending. The asset is located adjacent to all the local government agencies (within 1,500 ft.) – New Lassen County Courthouse, Lassen National Forest Service, US Social Security Administration, Lassen County District Attorney, Lassen County CAL Works, California DMV.
Key Highlights
- Leased to T‑Mobile, providing immediate income.
- Located in an opportunity zone.
- Excellent exposure to Highway 36 and monument signage.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $18.00 |
| − Vacancy | −$9.4k | −$1.44 |
| EGI | $107.6k | $16.56 |
| − OpEx | −$32.3k | −$4.97 |
| NOI | $75.3k | $11.59 |
6,500 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,800 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
T-Mobile
Mobile Phone Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 6,500 SF retail building in Walmart Plaza.
Where is this retail space located?
The property is located at 2920 Main St Susanville, CA.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: Leased to T‑Mobile, providing immediate income.; Located in an opportunity zone.; **Excellent exposure to Highway 36 and monument signage.**
