For Sale
$7,440,000
255 Main StChester, CA 96020
NNN Lease, Strong Returns, CA
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Corporate-guaranteed, single-tenant, absolute NNN lease with Plumas Bank (NASDAQ: PLBC); 15-year term, 2% annual rent increases, zero landlord responsibilities.
- Plumas Bank location boasts over $86 million in deposits; Plumas Bank has $1.64 billion in assets and $1.39 billion in deposits across 16 California and Nevada locations.
- Established location with 112% deposit growth since 2020; Plumas Bank has served Chester since 1988; Chester is a Northern California town near popular summer destination Lake Almanor.
- Lake Almanor attracts 400,000 annual visitors; area features multiple golf courses and serves as a base camp for Lassen Peak and Lassen Volcanic National Park hikers.
- Excellent Main Street visibility and accessibility; direct access to I-5, State Route 99, and US 395, connecting to Chico, Redding, Sacramento, the Bay Area, and Reno.
- Strong nearby retail presence, per Placer.ai data: Holiday Market (top 47% CA), Best Western (top 18% nationwide), Dollar General (top 34% nationwide), and Napa Auto Parts (top 21% nationwide).
Property Details for 255 Main St
- Property type
- Retail properties, Banks
- Year Built
- 1982
- Lot Size (sq. ft)
- 33,541 SF
Location Insight
- City
- Chester
- County
- Plumas
- State
- California
- Latitude
- 40.30829835
- Longitude
- -121.2304694
255 Main St, Chester, California
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