Price correction on this fully leased, freestanding multi-tenant asset is now available for sale. Known for its consistent 100% occupancy, this property benefits from a prime location with high visibility on Placerville Drive. Proximity to US HWY 50 and several shopping centers ensures strong leasing demand. Two tenants have a long-term presence, having exercised multiple lease extension options. The newest tenant, Tire and Brake Center, has had a successful start and committed to a five-year lease, attracted by the location and neighboring high-performing tenants.
Overall, this property presents a highly attractive investment opportunity. It requires low maintenance, with all three rents at or near market levels and featuring annual increases. Additionally, nearly all property expenses beyond 2024 are passed on to the tenants, resulting in a steadily growing return for investors year after year.