Big Brand Tire Absolute NNN Single Tenant Leased Investment

For Sale

2614 Sussex Ave, South Lake Tahoe, CA 96150

This South Lake Tahoe property for sale is located at 2614 Sussex Ave. The general use of Big Brand Tire Absolute NNN Single Tenant Leased Investment is industrial and it incorporates 2,046 square feet of class C industrial space. The current listed sale price for Big Brand Tire Absolute NNN Single Tenant Leased Investment is $2,142,000. Big Brand Tire Absolute NNN Single Tenant Leased Investment is situated on a lot that is 0.43 acre in size.

Contacts

broker

Scott Fair

NAI Alliance

Property Details

  • Property Type Industrial - Manufacturing
  • Property Size 2,046 SF
  • Units 1
  • Lot Size 0.43 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1973
  • Date Updated Oct 16, 2024
  • HVAC Other
Nestled in the idyllic surroundings of South Lake Tahoe, the area surrounding the property provides an array of attractions and services for potential Industrial / Manufacturing investors. With the stunning Lake Tahoe just a short distance away, professionals can take advantage of outdoor activities such as fishing, boating, and hiking. The nearby Lake Tahoe Airport ensures convenient access for business travel and logistics. The vibrant downtown area offers an array of dining options, boutique shops, and entertainment venues, catering to locals and visitors alike. This location offers a perfect blend of natural beauty and urban amenities, making it an enticing investment opportunity for industrial and manufacturing enterprises in South Lake Tahoe.NAI Tahoe Sierra is pleased to present a prime single-tenant absolute NNN leased investment property in South Lake Tahoe, offered at a 6% cap rate. This property is leased to Big Brand Tire Company, which is in the second year of a twenty (20) year lease with annual rental increases of two percent (2%). Additionally, there are two (2) five-year (5) options to extend the lease. This lease requires no landlord management or maintenance responsibilities and includes a corporate guarantee from Big Brand Tire Company. Big Brand Tires has been in operation for over twenty (20) years at this proven location, demonstrating strong performance as an auto service provider in the region. The subject property comprises two contiguous parcels of land totaling approximately 18,730 square feet and includes a building of approximately 2,046 square feet. South Lake Tahoe is characterized by high barriers to entry, with new development being virtually non-existent. This provides substantial protection of investment, ensuring the long-term value and stability of the property.

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Highlights

  • Prime Investment Opportunity: Single-tenant absolute NNN leased property in South Lake Tahoe, offered at a 6% cap rate.
  • Long-Term Lease: Leased to Big Brand Tire Company, currently in the second year of a 20-year lease with 2% annual rental increases and two 5-year extension options.
  • No Landlord Responsibilities: Lease requires no landlord management or maintenance responsibilities.
  • Proven Tenant Performance: Big Brand Tires has operated successfully for over 20 years at this location, showing strong performance in the auto service industry.
  • Corporate Guarantee: The lease includes a corporate guarantee from Big Brand Tire Company.
  • Market Stability: High barriers to entry and virtually non-existent new development in South Lake Tahoe provide significant protection of investment.

Attachments

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Location

  • City South Lake Tahoe, CA
  • Neighborhood Highland Woods
  • Zip Code 96150
  • Market Sacramento

Points of Interest

  • Shell

    0.20 miles

  • American Gasoline

    0.33 miles

  • U.S. Gasoline

    0.35 miles

  • Chevron

    0.74 miles

  • Swiss Mart Food and Gas

    1.44 miles

  • Raley's aisle 1

    1.49 miles

  • Safeway Fuel Station

    1.52 miles

  • Mobil

    1.59 miles

  • Chevron South Tahoe

    2.03 miles

  • Tahoe Tom's

    2.90 miles

  • Izzy's Burger Spa

    0.07 miles

  • Jack in the Box

    0.08 miles

  • Samurai Restaurant

    0.08 miles

  • Off the Hook

    0.11 miles

  • Blue Dog Gourmet Pizza

    0.14 miles

  • Taco Bell

    0.15 miles

  • Scusa Italian Restorante

    0.16 miles

  • Cold Water Brewery and Grill

    0.18 miles

  • Mandarin Garden Chinese

    0.26 miles

  • Margaritas Mexican Cafe

    0.28 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Scott Fair

NAI Alliance