6302 Thirteenth ave - Lake County Behavioral Health 11,157 SF Health Care Building Offered at $4,205,736 CAD at a 7.42% Cap Rate in Lucerne, CA 95458

The offering presents a rare opportunity to acquire a 100% occupied, single-tenant office building leased to the Lake County Behavioral Health Department on a longterm,
triple-net (NNN) basis. Constructed in 2011, the two-story building has been purpose-built and continuously occupied by the County since completion,
demonstrating both tenant stability and mission-critical use.
The property is offered at $3,050,000, representing a 7.33% capitalization rate based on current income. The existing lease includes a firm remaining term of six (6)
years, expiring July 31, 2031, with no landlord management responsibilities—providing investors with a true “hands-free” investment.
Importantly, the lease provides for a 12% rental increase in less than one year, which elevates the yield to an attractive 8.34% cap rate at the current asking price. This
contractual rent growth enhances long-term income security while positioning the asset as a strong cash-flowing investment in today’s market.
The subject property is located in Lucerne, California, within close proximity to Clearlake, the largest city in Lake County. Clearlake serves as the primary commercial
hub of the region, with access to retail, medical, government, and social services that support the broader county population.
Lake County is known for its scenic natural amenities, including Clear Lake, California’s largest natural freshwater lake, which attracts tourism and outdoor recreation.
The area has experienced steady population growth driven by affordability compared to neighboring Sonoma, Napa, and Sacramento counties. With strong demand for
healthcare and social services, Clearlake and the surrounding communities provide a stable base for government tenants and essential service providers.
The Lake County Behavioral Health Department is a critical division of the County of Lake, providing mental health and substance use disorder services to residents.
The department delivers a wide range of programs including counseling, crisis intervention, rehabilitation, case management, and community support services.
As a county-operated agency, the tenant is backed by the financial strength of the County of Lake, with funding derived from state and federal sources. The essential
nature of behavioral health services, particularly in underserved and rural communities, ensures the department’s long-term operational necessity. The combination of
government credit, mission-critical use, and stable occupancy makes this tenant highly reliable and secure for long-term investment.