2299 River Oaks Blvd Plumas Lake, CA 95961

This exceptional investment opportunity presents a brand-new, 6,260-square-foot Class A medical office building in Plumas Lake, California. Located at 2299 River Oaks Blvd, 95961, this single-tenant property boasts a 10-year net lease with Sutter Health, a financially strong tenant with an A+ credit rating (Fitch). The lease includes a 3% annual rent increase, ensuring consistent income growth, and attractive 2 x 7-year renewal options. The building, completed in 2024, sits on a 0.54-acre lot and enjoys 100% occupancy, generating a strong net operating income (NOI) of $262,920, representing a 6.00% cap rate. The property benefits from its strategic location within a burgeoning commercial corridor, adjacent to Highway 70 (21,300 VPD), and near established businesses like Walgreens and ARCO am/pm. The area is experiencing significant residential growth, with over 7,300 planned housing units in nearby developments, including Ross Ranch, Country Club Estates, and Bear River. This translates to a robust and affluent demographic profile, with average household incomes exceeding $151,500 within a 3-mile radius. The property's proximity to the Hard Rock Hotel & Casino and Toyota Amphitheatre further enhances its appeal. The asking price is $4,382,000. This is a rare opportunity to acquire a high-quality, stable, and appreciating asset in a rapidly expanding market. The tenant is responsible for operating expenses, including taxes, insurance, common area maintenance, and management fees, minimizing landlord responsibilities. Future development plans include a new Highway 65 interchange, providing even greater accessibility.