Susanville, CA - Plumas Bank

Description:

• New 15-year lease with 1 (15-year) option period to renew
• 2% annual rent increases provide a hedge against inflation
• Zero Landlord Responsibilities – Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Ideal, management-free investment for a passive investor

• Intersection location on Main Street (20,700 VPD)
• Primary retail corridor with top retailers: Walmart, Safeway (Top 27% Chainwide –Placer.ai), Grocery Outlet, Marshalls, McDonald’s, Starbucks, and more
• The asset receives significant consumer traffic and crossover retail exposure from its centralized position
• Large 1.09-acre lot with ample parking, excellent visibility, and multiple access points
• More than 12,100 residents and 5,700 employees support the trade area
• $83,398 average household income
• 30 Minutes from Lake Almanor (400,000 annual visitors), a major Northern California and Nevada boating, hiking, and golfing destination
• 90 Minutes from Reno NV (4.9 Million annual visitors)