2545 Main St - Storefront FOR SALE


Susanville, CA 96130
$8,474,000 USD
949-725-8473
2545 Main St, Susanville, CA for Sale
$8,474,000 USD
Storefront - FOR SALE
1/6
null | 7.5% Cap Rate

2545 Main St
Susanville, CA 96130


HIGHLIGHTS

  • NorCal Community Center – Lassen Shopping Center is an ±81,168 SF, multi-tenant, community shopping center
  • Established Operating Histories – Anytime Fitness has operated at this location for +15 years
  • High Credit Tenancy – 92% of the occupied GLA is leased to national or regional credit

OVERVIEW

* 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

FOR SALE DETAILS

PRICE

$8,474,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

267

LAND DETAILS

LAND ACRES

5.65 AC

LAND SF

246,114 SF

ZONING

C-2

APN/PARCEL ID

105-251-019-000

ASK ABOUT THIS PROPERTY

949-725-8473

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

949-725-8473

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