NAI Tahoe Sierra is pleased to present a prime single-tenant absolute NNN leased investment property in South Lake Tahoe, offered at a 6% cap rate. This property is leased to Big Brand Tire Company, which is in the second year of a twenty (20) year lease with annual rental increases of two percent (2%). Additionally, there are two (2) five-year (5) options to extend the lease.
This lease requires no landlord management or maintenance responsibilities and includes a corporate guarantee from Big Brand Tire Company. Big Brand Tires has been in operation for over twenty (20) years at this proven location, demonstrating strong performance as an auto service provider in the region.
The subject property comprises two contiguous parcels of land totaling approximately 18,730 square feet and includes a building of approximately 2,046 square feet.
South Lake Tahoe is characterized by high barriers to entry, with new development being virtually non-existent. This provides substantial protection of investment, ensuring the long-term value and stability of the property.