For Sale
$6,410,000

805 Eleventh StLakeport, CA 95453

High-Yield Bank & Title Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-tenant, 15,060 square foot retail property located at 805 Eleventh St, Lakeport, CA 95453. The property boasts a 100% occupancy rate, anchored by Umpqua Bank (NASDAQ: COLB) and First American Title Company, both considered investment-grade tenants. The building, constructed in 1994, features two stories and sits on a 0.92-acre lot. The property enjoys a prominent location adjacent to a Safeway and CVS-anchored retail center, benefiting from excellent visibility and access along Eleventh Street (11,500 AADT). Strong demographics support the location, with a total daytime population of 12,798 within a 5-mile radius and an average household income of $90,170 within 1 mile. The Umpqua Bank branch holds approximately $127 million in deposits, representing the highest deposit level among Umpqua Bank branches in the county and the second-highest market share countywide. The property offers a compelling Net Operating Income (NOI) of $384,491, with an asking price of $6,410,000, resulting in a 6.00% capitalization rate. Both leases include annual rent bumps, ensuring future income growth. The property's location in Lakeport, a popular tourist destination on Clear Lake, further enhances its investment appeal. This is a rare opportunity to acquire a high-quality, net-leased retail property with strong tenants and significant upside potential.

Highlights

  • Two-tenant retail property with investment-grade tenants and annual rent escalations.
  • Anchored by Umpqua Bank (NASDAQ: COLB) on a long-term lease.
  • Strong tenant commitment supported by $127 million in local deposits.
  • High visibility and accessibility on Eleventh Street (11,500 AADT).
  • Located next to a CVS/Safeway-anchored center.
  • 120 miles north of San Francisco.

Property Details for 805 Eleventh St

Property type
Retail properties, Banks
Square Feet
15,060 SF
Year Built
1994
Stories
2
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Lakeport
County
Lake
State
California
Latitude
39.0486669
Longitude
-122.922063
805 Eleventh St, Lakeport, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
805 Eleventh St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message