2614 Sussex Ave
South Lake Tahoe, CA 96150

$2,142,000 USD

Auto Repair For Sale • 2,046 SF

Property Details

Property Type Auto Repair
Total Building Size 2,046 SF
Lot Size 0.43 AC
Building Class C
Year Built 1978
Tenancy Single
Zoning HDR

0 Transit Score

75 Walk Score

                
                    Highlights
                
                                Prime Investment Opportunity: Single-tenant NNN leased property in South Lake Tahoe, offered at a 6.24% cap rate.
                            
                                Long-Term Lease: Leased to Big Brand Tire, currently in the 3rd yr of 20-year term, 2% annual rent increases, two 5-yr extension options.
                            
                                No Landlord Responsibilities: Lease requires no landlord management or maintenance responsibilities.
                            
                                Proven Tenant Performance: BBT has operated successfully for over 20 years, showing strong performance in auto service industry.
                            
                                Corporate Guarantee: The lease includes a corporate guarantee from Big Brand Tire Company.
                            
                                Market Stability: High entry barriers and no new development in South Lake Tahoe ensure strong investment protection.