2614 Sussex Ave - Auto Repair FOR SALE


South Lake Tahoe, CA 96150
$2,142,000 USD
530-525-2304
2614 Sussex Ave, South Lake Tahoe, CA for Sale
$2,142,000 USD
Auto Repair - FOR SALE
1/5
null | 6% Cap Rate

2614 Sussex Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Prime Investment Opportunity: Single-tenant absolute NNN leased property in South Lake Tahoe, offered at a 6% cap rate.
  • Long-Term Lease: Leased to Big Brand Tire, currently in the 2nd yr of 20-year term, 2% annual rent increases, two 5-yr extension options.
  • No Landlord Responsibilities: Lease requires no landlord management or maintenance responsibilities.
  • Proven Tenant Performance: BBT has operated successfully for over 20 years, showing strong performance in auto service industry.
  • Corporate Guarantee: The lease includes a corporate guarantee from Big Brand Tire Company.
  • Market Stability: High entry barriers and no new development in South Lake Tahoe ensure strong investment protection.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,142,000 USD

PRICE/SF

$1,047 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

HDR

APN/PARCEL ID

031-258-001-000,031-258-002-000

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.