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80 Main St Quincy, CA 95971

Sponsored
For Sale
$602,278

$602K, 7.5% Cap Rate, Corporate Guarantee

Property size:
3,496 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This 3,496 sq ft Class B medical office building in Quincy, CA, is a sale-leaseback opportunity with a 100% occupancy rate. The property, located at 80 Main St, sits on a 0.3-acre lot and boasts a strong corporate guarantee from Plumas District Hospital (PDH), a critical access hospital with 16 licensed beds and over 235 employees. The building, constructed in 1981, benefits from a triple-net (NNN) lease with a month-to-month option subject to landlord approval, and features annual rent bumps of 3%. The current Net Operating Income (NOI) is $50,342, resulting in an attractive 7.5% capitalization rate. PDH has recently invested millions in facility upgrades, including new equipment and a new skilled nursing facility. The strategic location on Main Street, near the high school and a major grocery-anchored shopping center, ensures strong visibility and accessibility. This presents a compelling investment opportunity for 1031 exchange buyers or first-time healthcare investors seeking a small-price-point deal with a high-quality tenant and significant upside potential. The property's proximity to Lake Tahoe, Reno, and Sacramento further enhances its appeal.

Property Features for 80 Main St

General Information

Property type
Medical offices
Square Feet
3,496 SF
Class
B
Lot Size
13,068 SF

Building Details

Year Built
1981

HighLights

  • 3% annual rent increases.
  • Low‑rent, long‑term lease for enhanced profitability.
  • Small‑scale healthcare investment ideal for 1031 exchanges or first‑time investors.
  • High‑quality tenant: Plumas District Hospital (16 beds, 235+ employees).
  • Excellent location on Main Street, near high school and major shopping center.
  • Recent multi‑million dollar tenant improvements, including a new skilled nursing facility.
Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Quincy
County
Plumas
State
California
Longitude
-120.9389401
Latitude
39.9371565

FAQs

What type of property is this?
Medical office - $602K, 7.5% Cap Rate, Corporate Guarantee
Where is this medical office located?
The property is located at 80 Main St Quincy, CA.
What is the asking price?
The asking price for this property is $602,278.
What are key features of this property?
This property features: 3% annual rent increases.; Low-rent, long-term lease for enhanced profitability.; Small-scale healthcare investment ideal for 1031 exchanges or first-time investors.
More about this property
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