Alturas, CA - Plumas Bank
$2,656,896
510 North Main Street, Alturas, CA 96101
6.75
Cap Rate
179,340
NOI
Details:
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
Location
Gallery
