12000 Pioneer Trl 13,700 SF 100% Leased Retail Building Truckee, CA 96161 $8,375,520 CAD ($611.35 CAD/SF) 5.51% Cap Rate

12000 Pioneer Trail is a 13,700 SF mixed-use commercial/residential property on a 98,446 SF lot in the city of Truckee, California. The commercial tenant, The Auto Doctor, is in a vibrant light industrial area called the Pioneer Industrial Park. The Auto Doctor’s second-generation business owner has an excellent local reputation and is an annual award winner for quality service. The business has 1469 reviews and a five-star rating. Additional income is generated from offices and the second-floor apartments with the town’s housing demand far exceeding the supply. The Pioneer Industrial Park has taken on a life of its own with a blend of retail, restaurant, coffee shops, brew
pub, light industrial, exercise facilities, and all within walking distance of downtown Truckee. The Auto Doctor is located on Pioneer’s main street for added visibility. Customers enjoy the easy access location and the ability to take care of other Pioneer errands when dropping their car off for tires or an oil change.
The property is located in historic Truckee, California, a popular destination for outdoor enthusiasts. The town has grown substantially since its incorporation in 1993 in response to the increased tourist traffic. The town grew from just 8,500 residents in 1990 to well over 16,000 today. Downtown Truckee is just moments from the property.