$218/s.f. is among the lowest prices per sq. ft. for any NNN retail! Huge upside and a 7% Cap at market rent. The subject offering consists of a single tenant, free-standing CVS Store in the City of Grass Valley, California. The property has been occupied by this tenant since 1980 and the tenant is currently in their fifth, 5-year, option. There is one (1) remaining 5-year option after the expiration of the current term. The property was originally constructed in 1980 as a retail store. The subject property is located in a well-developed commercial area of Grass Valley, California close to Highway 49. Nearby tenants include Safeway, Wells Fargo, Best Western, Walgreens, Rite Aid, Dollar General, Save Mart, Ace Hardware, Taco Bell, KFC (Kentucky Fried Chicken), Round Table, Burger King as well as a State of California Department of Motor Vehicles Office.
Listing Courtesy of Shawn Willis , Income Property Services
Listing Courtesy of Shawn Willis , Income Property Services