* NorCal Community Center – Lassen Shopping Center is an ±81,168 SF, multi-tenant, community shopping center that is currently 81% leased to a mix of nationally recognized, value-focused, and demographic-appropriate tenancy including, Dollar Tree, Big 5, Goodwill Industries, Anytime Fitness, and the State of California’s DMV
* Established Operating Histories – Anytime Fitness has operated at this location for +15 years; Dollar Tree (Nasdaq: DLTR), Round Table Pizza, and California’s DMV have been operating at this location for +24 years
* High Credit Tenancy – 92% of the occupied GLA is leased to national or regional credit
* Massive NOI Growth – The lease up of vacant space and reletting of below-market rent suites as leases expire should help grow the NOI nearly $405,000 (64%) over the expected hold period, producing an extremely attractive +5% compound annual growth rate (CAGR)
* “Main Street” Location – The property is well-located along CA SR-36/Main Street (±20,300 CPD) connecting Reno and Tahoe and at the heart of downtown Susanville, which is the county seat of Lassen County, with proximity to Lassen County Fairground and Lassen High School