2875 Main St Susanville, CA 96130

Property Details for 2875 Main St

Year built

2006

Lot size

1.47 lot acres

Property size

14,820 SF

Property type

Retail space

APN

105-310-015-000

APU

105310015000

Description

This exceptional investment opportunity features a 14,739 square foot Walgreens, built in 2006, situated on a 1.47-acre lot at a signalized hard corner in Susanville, CA. The property boasts a 75-year absolute NNN lease with a corporate guarantee from a credit-rated tenant, ensuring minimal landlord responsibilities. With a remaining lease term of 56.9 years, commencing October 1, 2006, and expiring September 30, 2081, this investment offers exceptional long-term stability and predictable cash flow. The property's strategic location on Main Street (State Highway 36), a major commercial thoroughfare, provides high visibility and accessibility. Its proximity to a Walmart Supercenter further enhances its desirability. The property generates a substantial net operating income (NOI) of $360,372, resulting in an attractive 7.50% cap rate. The asking price is $4,805,000. This free-standing building, featuring a drive-thru lane and large pylon sign, represents a compelling investment opportunity for discerning buyers seeking a secure, high-return asset with a blue-chip tenant. The property is 100% occupied.

Location Insight

City

Susanville

County

Lassen

State

California

Longitude

-120.635

Latitude

40.4104

CBSA code

45000

CBSA name

SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments