1023 Emerald Bay Rd - Retail FOR SALE


South Lake Tahoe, CA 96150
$1,800,000 USD
530-525-2304
1023 Emerald Bay Rd, South Lake Tahoe, CA for Sale
$1,800,000 USD
Retail - FOR SALE
1/10
null | 5.39% Cap Rate

1023 Emerald Bay Rd
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Prime Location: 4,812 SF retail center at South Lake Tahoe’s busy "Y" intersection, anchored by Subway and adjacent to McDonald’s.
  • Growing Development: Located across from the expanding 248-unit Sugar Pine Village, driving future foot traffic.
  • Fully Leased: Long-term tenants in place, ensuring stable income for investors. Seller Financing may be available.
  • Annual Rent Increases: Tenants have 3% annual rent bumps, providing consistent revenue growth.
  • High Barriers to Entry: Limited new development in the area ensures long-term investment security.
  • Brand new roof was completed in September of 2024.

OVERVIEW

Introducing a prime investment opportunity: a 4,812 square-foot multi-tenant retail center located at the iconic "Y" intersection in South Lake Tahoe. Built in 1974, this four-unit retail building boasts high visibility and is anchored by well-established tenants, including Subway, with a McDonald’s adjacent to the property. Positioned across from the rapidly expanding Sugar Pine Village, a development featuring 248 residential units, this property is ideally situated to benefit from increasing foot traffic and commercial activity in the area. The center is fully leased with long-term tenants in place, each benefiting from 3% annual rent increases, providing stable income growth. A brand-new roof was completed in the September of 2024. With high barriers to entry and limited new development in the area, this property offers investors solid income generation and long-term protection for their investment. Seller financing may also be available.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$374 USD /SF

CAP RATE

5.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Subway Retail Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Fast Food, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

GC

APN/PARCEL ID

023-430-029-000

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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Scott FairNAI Tahoe SierraMore Info
530-525-2304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.