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2875 Main St
Susanville, CA 96130
Walgreens | 7.50% CAP | Absolute NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Corporate Lease | No Landlord Responsibilities
- Build-to-Suit Free Standing Prototype Construction with Drive-Thru Lane
- Signalized Hard Corner | Over 20,000 ADT | Across from Wal-Mart Supercenter
- Investment Grade Corporate Tenant | S&P Rated: BBB-
- Positioned on an Oversized 1.47 Acre Parcel with a Large Pylon Sign
EXECUTIVE SUMMARY
Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this ±14,739 square foot free-standing building leased to Walgreens and located at the signalized corner of Main Street and Fairgrounds Road in Susanville, California. The subject property is well positioned directly along Main Street (State Highway 36) a strategic highway and commercial thoroughfare bisecting the City of Susanville and joining State Highway 395 to the south and to the north State Highway 139 connecting to surrounding communities and recreational landmarks. This offering presents an investor with an opportunity to acquire an attractive, well-constructed property that is leased to a corporate, investment grade tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,739 SF
Building Class
B
Year Built
2006
Price
$6,615,956 CAD
Price Per SF
$448.87 CAD
Cap Rate
7.50%
NOI
$496,193 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.47 AC
Opportunity Zone
Yes
Zoning
CMX - Commercial mixed use
AMENITIES
- Corner Lot
- Signalized Intersection
- Monument Signage
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