Subway Retail Center 1023 Emerald Bay Rd 4,812 SF 100% Leased Retail Building South Lake Tahoe, CA 96150 $2,233,472 CAD ($464.15 CAD/SF) 6.06% Cap Rate

PRICE REDUCTION: Introducing a prime investment opportunity: a 4,812 square-foot multi-tenant retail center located at the iconic "Y" intersection in South Lake Tahoe. Built in 1974, this four-unit retail building boasts high visibility and is anchored by well-established tenants, including Subway, with a McDonald’s adjacent to the property. Positioned across from the rapidly expanding Sugar Pine Village, a development featuring 248 residential units, this property is ideally situated to benefit from increasing foot traffic and commercial activity in the area.
The center is fully leased with long-term tenants in place, each benefiting from 3% annual rent increases, providing stable income growth. A brand-new roof was completed in the September of 2024. With high barriers to entry and limited new development in the area, this property offers investors solid income generation and long-term protection for their investment. Seller financing may also be available.