2920 Main St Susanville, CA 96130

This exceptional investment opportunity presents a 6,500 square foot retail building situated within the Walmart Plaza Shopping Center in Susanville, California. The property, located at 2920 Main St, boasts a prime location with excellent visibility from Highway 36 and prominent monument signage. Currently 50% occupied, the property features a strong anchor tenant, T-Mobile, secured by a firm 5-year lease with a credit-rated, corporate guarantee. The building itself is comprised of three units within a single-story structure, built in 1997 and extensively renovated in 2021/2022, including a new roof, upgraded electrical system, fresh paint, and a new parking lot overlay and striping. The 1.38-acre lot offers potential for a drive-thru. The property benefits from its location in an opportunity zone and its proximity to a major Walmart supercenter (whose nearest competitor is 80 miles away), a Safeway shopping center, and numerous local government agencies, all within 1,500 feet. This Class B, NNN-leased property offers a pro-forma cap rate of 7.00% and a pro-forma NOI of $94,872, with an asking price of $1,355,514 ($208.54/sq ft). The property is also within 2,000 feet of over twenty major national retailers, ensuring high foot traffic and strong potential for future leasing. This owner/user opportunity presents a compelling investment in a thriving retail market. APN: 105-350-46-11.