Description
PRICE REDUCED! An almost impossible-to-find single-tenant triple-net (NNN) newly constructed investment offering in an unrivaled Broad Street location in the heart of historic Downtown Nevada City directly across from the new National Exchange Hotel. A new 5-year personally guaranteed lease with two 5-year options and annual CPI rent escalations provides the investor with a management/maintenance-free property priced at an in-place 6% capitalization rate of return. This property was fully and completely renovated in 2019-20 with approximately $400,000 worth of improvements including all new electrical, plumbing, sewer, HVAC, whole-building generator, roof mounted solar, insulation, fire alarm, framing, flooring, ceiling, LED lighting, ADA restroom, windows, doors, exterior paint/fascia and a first class commercial kitchen complete with Ansul hood system, dish/prep/handwashing sinks, comm. dishwasher, grease trap, water heater and more. If you are tired of the volatile stock market and are looking for a steady return that will keep up with inflation and appreciate over time, look no further.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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1,319SQFT
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$633$/SQFT
School Ratings & Info
Description
PRICE REDUCED! An almost impossible-to-find single-tenant triple-net (NNN) newly constructed investment offering in an unrivaled Broad Street location in the heart of historic Downtown Nevada City directly across from the new National Exchange Hotel. A new 5-year personally guaranteed lease with two 5-year options and annual CPI rent escalations provides the investor with a management/maintenance-free property priced at an in-place 6% capitalization rate of return. This property was fully and completely renovated in 2019-20 with approximately $400,000 worth of improvements including all new electrical, plumbing, sewer, HVAC, whole-building generator, roof mounted solar, insulation, fire alarm, framing, flooring, ceiling, LED lighting, ADA restroom, windows, doors, exterior paint/fascia and a first class commercial kitchen complete with Ansul hood system, dish/prep/handwashing sinks, comm. dishwasher, grease trap, water heater and more. If you are tired of the volatile stock market and are looking for a steady return that will keep up with inflation and appreciate over time, look no further.
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