Tire Pros Leased Investment Property

Description:

The subject property is a well established tire and service center catering to the needs of the local Lake County community of Clearlake, California. The property consists of 3 commercial buildings totaling approximately 7,738 s.f. on 0.56 acre parcel. The property provides for a showroom, office and retail area; tire and parts storage, as well as two separate metal buildings with roll up doors and service area for tire replacement and auto and truck servicing or repairs. Services provided by Clearlake Tire Pros includes tire sales & repairs, oil changes, and general automotive maintenance provided by knowledgeable staff and dedicated ownership.

The original 10-year lease commenced in August of 2015, and after nine years of success, the tenant has recently extended the lease for 10 additional years showing their long-term dedication to this location. A new investor for this Tire Pros property will receive a secured income stream for approximately the next 11+/- years. The tenant is responsible for maintaining the property with the exception fo the roof, HVAC system and parking lot. This tire and service center is a staple in the community. The location is situated along the scenic Lakeshore Drive; next to the nation's 2nd most popular Bass fishing destination.

The property enjoys excellent frontage along the main historical road encircling Clear Lake. Tire Pros serves the greater Clear Lake community surrounding the lake that includes the towns of Lower Lake, Hidden Valley Lake, Clearlake Riviera, Soda Bay, Kelseyville, Lakeport, North Lakeport, Nice, Lucerne and Clearlake Oaks.

Clearlake is a city that continues to grow. Many national retailers have located to this city with Walmart followed by Tractor Supply, Big 5 Sporting Goods, Jack in the Box, Carl's Jr., Starbucks, and ARCO.

The City of Clearlake is located in Lake County, just 50 miles north of Santa Rosa, 54 miles east of Ukiah, and 95 miles northwest of Sacramento. Clearlake is easily accessible by State Route 53, State Route 29 and State Route 20.

The city sits along Clear Lake, believed to be the oldest lake in North America, having existed for over 2.5 million years. Clear Lake is well-known to bass fisherman as the best lake for bass fishing west of the Mississippi and it's often named as one of the top bass fishing lakes in the US. Clear Lake is the largest natural freshwater lake entirely within California, with 68 square miles of surface area. The expansive, warm water of Clear Lake makes it ideal for recreation, including swimming, water skiing, sailing, and boating.

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