35 Lindan AveQuincy, CA 95971

Property Details for 35 Lindan Ave

Year built

1995

Lot size

0.67 AC

Property size (Sq ft)

9,384 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional sale-leaseback opportunity presents a 9,384 square foot retail bank building located at 35 S Lindan Ave, Quincy, CA 95971, in Plumas County. The property sits on a 0.67-acre lot and was built in 1995. Currently 100% occupied by a single tenant under an Absolute NNN lease with a corporate guarantee, offering significant investor security. The lease boasts a remaining term of 20 years, with annual rent bumps ranging from 2.0% to 3.0%, ensuring consistent income growth. The asking price is $3,267,022, yielding a 6.75% cap rate and a net operating income (NOI) of $220,524. The tenant is a publicly traded community bank with a strong track record of financial performance and a commitment to its local market. This investment offers a compelling combination of passive income, long-term stability, and appreciation potential in a desirable Northern California location, a short drive from Lake Tahoe, Reno, Nevada, and Sacramento. The lease includes 4 or 5-year renewal options. This is a rare opportunity to acquire a mission-critical property with a strong tenant and a proven investment strategy.

Location Insight

City

Quincy

County

Plumas

State

California

Latitude

39.9369

Longitude

-120.939

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