For Sale
$2,142,000
2614 Sussex Ave South Lake Tahoe, CA 96150
6% Cap Rate, NNN Leased, 20-Year Term
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 6% Cap Rate, Single-Tenant NNN Property in South Lake Tahoe.
- 20-Year Lease to Big Brand Tire, 2% Annual Increases, Two 5-Year Options.
- Absolute NNN Lease; No Landlord Responsibilities.
- Established Tenant with 20+ Years of Successful Operation.
- Corporate Guarantee from Big Brand Tire.
- Strong Market Stability with High Barriers to Entry in South Lake Tahoe.
Property Details for 2614 Sussex Ave
- Property type
- Industrial properties, Manufacturing properties
- Square Feet
- 2,046 SF
- Class
- B
- Year Built
- 1973
- Units
- 1
Location Insight
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Latitude
- 38.927353489359
- Longitude
- -119.98422366309
Nearby Similar for Sale
FAQs
- What type of property is this?
- Industrial property - 6% Cap Rate, NNN Leased, 20-Year Term
- Where is the industrial property located?
- The property is located at 2614 Sussex Ave South Lake Tahoe, CA.
- What is the asking price?
- The asking price for this property is $2,142,000.
- What are key features of this property?
- This property features: 6% Cap Rate, Single-Tenant NNN Property in South Lake Tahoe.; 20-Year Lease to Big Brand Tire, 2% Annual Increases, Two 5-Year Options.; Absolute NNN Lease; No Landlord Responsibilities.
- How can I contact the broker?
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