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Alturas, CA - Plumas Bank

$2,656,896

510 North Main Street, Alturas, CA 96101

Active
Last Updated: 06/03/2025

6.75

Cap Rate

179,340

NOI

Details:
Cap Rate:    6.75%
NOI:    $179,340
Building Size:    3,456 sqft
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

• The site benefits from high visibility and easy access along N. Main Street
(6,900 VPD) with close proximity to State Highway 299 (5,000 VPD)
• The property is located near the intersection of the two primary thoroughfares, featuring nearby retailers including Grocery Outlet and an adjacent Rite Aid
• Large lot with ample parking, excellent visibility, and multiple access points
• Attractive construction with Drive-Thru ATM owners and families

Map:
Location
Gallery