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Chester, CA - Plumas Bank

$7,440,000

255 Main St, Chester, CA 96020

Active
Last Updated: 09/13/2024

7.25

Cap Rate

539,460

NOI

Details:
Cap Rate:    7.25%
NOI:    $539,460
Building Size:    12,375 sqft
Description:

« 15-Year absolute NNN lease; zero landlord responsibilities
« 2% annual increases
« Exceptional bank deposits; $86+ million at this location
« Plumas Bank (NASDAQ: PLBC) is a regional bank with 16 locations throughout California and Nevada that has over $1.64 billion total assets and $1.39 billion total deposits

Plumas Bank has supported the Chester community and its small businesses since 1988. Chester is a quaint community in Northern California residing just north of Lake Almanor. During the summer, area lakes are a popular California and Nevada destination. Chester’s economy is maintained by industries in tourism, logging, retail, and family-owned businesses

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