Overview

Description

Freestanding Modified-Net Limited Landlord Responsibility Government Guaranteed 13-Year Occupied US Ranger Station. Recent 2012 $1M remodel/expansion as part of the 15-year lease. The 319,491-acre Western Divide Ranger District encompasses the southern portion of the Giant Sequoia National Monument and is centrally located in Sequoia National Forest. This Building is used by US Forrest Service and Fire Jumper Division’s for all the Mountain Watch Areas. Visitors look forward to meandering along the Trail of 100 Giants, scenic view from the top of Dome Rock, the quant towns of Camp Nelson/Ponderosa, or perhaps a backcountry hike into the Golden Trout Wilderness. The district offers 9 developed campgrounds (including groups sites), rental cabins, developed day use areas, 296 miles of trails, 338 miles of off-highway vehicle routes that offer miles of winter-time ski or snowmobile routes and much more.

This safe and secure deal houses a government tenant on only $27.17/SF/YEAR rent, securing this extremely safe and lucrative lease. With years left in the current lease (11/1/2012 thru 10/31/2027), this property will experience a dramatic increase in NOI with market rent by renegotiating a lease extension, as there are no pre-negotiated options. Additional expansion land included offering many years of growth at this site. The deal offers a 7.38% CAP rate and a 1.4 Debt Coverage Ratio when leveraged with 30% down!

Located in the most desirable area of the Prestigious Downtown Springville. The Property is just north of CA-190, east of Road 320, & south of Ave 176. Positioned in the heart of the bustling downtown district, this office building boasts a central location that merges professional convenience with urban vibrancy. Surrounded by a dynamic mix of businesses, cafes, and cultural amenities, it creates an inspiring environment for collaboration and productivity. With easy access to public transportation and a thriving commercial atmosphere, this office location seamlessly integrates work and city life.

Springville is a charming town nestled in the southern Sierra Nevada foothills of California, offering residents and visitors a picturesque setting with rolling hills, scenic landscapes, and proximity to the Sequoia National Forest. Located in Tulare County, Springville enjoys a tranquil atmosphere while providing easy access to outdoor recreational activities and the stunning natural beauty of the surrounding mountains.

Highlights

• Modified-Net Lease w/ Limited Landlord Responsibility
• Government Tenant | Occupied 13+ Years | 2 AC Expansion Land
• 2012 Expansion & Remodel + Additional Expansion Land
• US Ranger Station w/ Big Upside in Rents At End Of Options
• Used By US Forrest Service & Fire Jumper Divisions For All Mountain Watch Areas
• Currently in 3rd of 5th Five-Year Renewal Periods To 10/31/2027
• Superior Area w/ Limited Competition | Strategic Central Location
• Located In The Primary Retail/Restaurant Corridor In The Area
• Last Recorded: 1,059,548 Visitors (2019) Sequoia & Kings Canyon National Parks
• National Park Visitor Spending Contributed $28.6 Billion to U.S. Economy in 2020
• Scenic Views, Nearby Trails, Campgrounds, & Much More!
• Close Proximity to the Sequoia National Forest & Monument
• Regional Bus Tours Provides Easy Access From All of California
• Tulare County's Dominate Mountain/Forest Area

Documents

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