NNN Leased Investment
2614 Sussex Ave, South Lake Tahoe, CA 96150
Single-tenant NNN leased investment property in South Lake Tahoe.
Type:Industrial
Property size:
2,046 SFLot size:
0.43 AcresPrice / SF:
$968/SF- Added:
- Jul 17, 2024
- Days on Market:
- 682
- Last Refresh:
- May 12 at 9:58 pm
Property Features for 2614 Sussex Ave
General Information
- Standard status
- Active
- Size
- 2,046 SF
- Lot size
- 0.43 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1973
Listing agent Scott Fair License #CA 01761504
Listing office NAI Tahoe Sierra
Listing date Jul 17, 2024
Source Crexi
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 NAI Tahoe Sierra
HighLights
- NNN lease structure requires no landlord management or maintenance responsibilities.
- Corporate guarantee from Big Brand Tire Company provides financial security.
- Long‑term lease with Big Brand Tire Company: 20‑year lease in its second year, plus two 5‑year options.
- Annual rental increases of 2% provide a hedge against inflation and increase ROI.
- Proven location: Big Brand Tires has operated successfully at this location for over 20 years.
- High barriers to entry in South Lake Tahoe protect investment and ensure long‑term value.
Overview
This single-tenant NNN leased investment property in South Lake Tahoe is offered at a 6.75% cap rate. The property is leased to Big Brand Tire Company, which is in the second year of a twenty-year lease. The lease includes annual rental increases of two percent and two five-year options to extend. The lease requires 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, demonstrating strong performance as an auto service provider in the region. The property comprises two contiguous parcels of land totaling approximately 18,730 square feet and includes a building of approximately 2,046 square feet. South Lake Tahoe is characterized by high barriers to entry, with new development being virtually non-existent. This provides substantial protection of investment, ensuring the long-term value and stability of the property. The property is suitable for commercial real estate, auto shops, automotive, retail, specialty, and NNN properties.
Property Profile
Location Intelligence
Current Use by Public Records
Big Brand Tire ...
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Lake Tahoe Tire Company — 2303 james ave, south lake tahoe, ca 96150
- Street Shakers Car Audio — 2318 Lake Tahoe Blvd #4, South Lake Tahoe, CA 96150
- 10-20 Towing — 2303 James Ave, South Lake Tahoe, CA 96150
- Newtown Towing Services — 2280 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
- South Lake Tahoe Towing — 2303 James Ave, South Lake Tahoe, CA 96150
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?
Auto shop - Single-tenant NNN leased investment property in South Lake Tahoe.
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 $1,981,000.
What are key features of this property?
This property features: NNN lease structure requires no landlord management or maintenance responsibilities.; Corporate guarantee from Big Brand Tire Company provides financial security.; **Long‑term lease with Big Brand Tire Company**: 20‑year lease in its second year, plus two 5‑year options.
