815 Humboldt AveWillows, CA 95988

Property Details for 815 Humboldt Ave

Year built

2002

Lot size

0.75 AC

Property size (Sq ft)

3,871 SF

Property type

Other commercial real estate

Description

This exceptional investment opportunity presents a 3,871 square foot building situated on a 0.75-acre lot at 815 N Humboldt Ave, Willows, CA. The property is uniquely positioned as the sole Department of Motor Vehicles (DMV) office serving all of Glenn County, ensuring consistent tenancy and strong cash flow. Its prime location directly off Interstate 5 provides unparalleled accessibility for residents and significantly reduces the likelihood of tenant relocation. A substantial remodel was recently completed, ensuring the building is in excellent condition. The current lease agreement includes a favorable provision where the tenant reimburses the majority of repair expenses, minimizing operational overhead and maximizing the return on investment. The current gross operating income (GOI) stands at $137,500 annually, with a built-in 5% rent increase every two years, providing a predictable and escalating income stream. This translates to a stable and secure investment with minimal management responsibilities. The long-term viability of this property is further enhanced by its strategic location, making it the closest DMV to the significant population center of Chico. This turnkey investment offers a rare opportunity to acquire a high-performing asset with significant upside potential in a desirable location. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment opportunity with substantial long-term growth prospects.

Location Insight

City

Willows

County

Glenn

State

California

Latitude

39.5297

Longitude

-122.213

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