The Rock Garden - Truckee CA

Highlights:

• Located at the gateway to Pioneer Commerce Center
• National tenant, long term lease, fully stablized
• CPI bumps up to 5% per year
• Hands off ownership

Description:

Exceptional investment opportunity at Truckee’s prominent Pioneer Commerce Center. The Rock Garden anchor tenant, operated by national parent company Outdoor Living Supply, provides substantial income generation through 2032 with two 5-year options to extend. As the local source of natural stone, hardscaping materials, outdoor supplies and bulk materials, The Rock Garden continues to be the preferred choice of architects, contractors, and homeowners in Tahoe-Truckee since 1998. The high visibility 14,618 SF building includes a 12,134 SF 1st floor retail area, storage area with office and mezzanine, two metal roll-up doors, and second level office space. Potential owner use for the 2,484 SF (now currently month-to-month) upper office space with conference room, separate kitchen area and restrooms. This level 3.69-acre property offers an enclosed materials storage area, asphalt paving, a fenced yard, mature landscaping and abundant on-site parking. The Rock Garden is in the heart of Truckee’s most prominent commercial industrial area, adjacent to Interstate 80 and only 5 minutes from Truckee Tahoe Airport. The property is served by public utilities and zoned for Service-Commercial use by the Town of Truckee.
Note - NOI includes 1st floor absolute NNN anchor tenant (12,134 SF), plus month-to-month tenant on 2nd floor (2484 SF), assuming upstairs tenant pays CAM fees (NNN).

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