For Sale
$602,278

80 Main St Quincy, CA 95971

$602K, 7.5% Cap Rate, Corporate Guarantee

Overview

Added:
Dec 11, 2024
Days on market:
136
This 3,496 sq ft Class B medical office building in Quincy, CA, is a sale-leaseback opportunity with a 100% occupancy rate. The property, located at 80 Main St, sits on a 0.3-acre lot and boasts a strong corporate guarantee from Plumas District Hospital (PDH), a critical access hospital with 16 licensed beds and over 235 employees. The building, constructed in 1981, benefits from a triple-net (NNN) lease with a month-to-month option subject to landlord approval, and features annual rent bumps of 3%. The current Net Operating Income (NOI) is $50,342, resulting in an attractive 7.5% capitalization rate. PDH has recently invested millions in facility upgrades, including new equipment and a new skilled nursing facility. The strategic location on Main Street, near the high school and a major grocery-anchored shopping center, ensures strong visibility and accessibility. This presents a compelling investment opportunity for 1031 exchange buyers or first-time healthcare investors seeking a small-price-point deal with a high-quality tenant and significant upside potential. The property's proximity to Lake Tahoe, Reno, and Sacramento further enhances its appeal.

Highlights

  • 3% annual rent increases.
  • Low-rent, long-term lease for enhanced profitability.
  • Small-scale healthcare investment ideal for 1031 exchanges or first-time investors.
  • High-quality tenant: Plumas District Hospital (16 beds, 235+ employees).
  • Excellent location on Main Street, near high school and major shopping center.
  • Recent multi-million dollar tenant improvements, including a new skilled nursing facility.

Property Details for 80 Main St

Property type
Office properties, Medical offices
Square Feet
3,496 SF
Class
B
Year Built
1981
Lot Size (sq. ft)
13,068 SF

Location Insight

City
Quincy
County
Plumas
State
California
Latitude
39.9371565
Longitude
-120.9389401

FAQs

What type of property is this?
Office property - $602K, 7.5% Cap Rate, Corporate Guarantee
Where is the office property located?
The property is located at 80 Main St Quincy, CA.
What is the asking price?
The asking price for this property is $602,278.
What are key features of this property?
This property features: 3% annual rent increases.; Low-rent, long-term lease for enhanced profitability.; Small-scale healthcare investment ideal for 1031 exchanges or first-time investors.
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.
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80 Main St
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