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107 Bank St 4,247 SF Retail Building Grass Valley, CA 95945 $1,100,000 ($259.01/SF) 7.16% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased: Long-term tenant Booktown Books, in place ~20 years.
- Credit Security: Personal guarantees from all cooperative members.
- Prime Location: Steps from Mill Street Plaza and public parking.
- Strong Returns: 7.16% cap rate with 3% annual increases.
- Historic Character: 1922 build with 18-ft ceilings and offices.
- Zoned Town Core: Offering maximum flexibility for commercial uses
EXECUTIVE SUMMARY
Coldwell Banker Commercial is pleased to present 107 Bank Street, a 4,247 SF retail building in the heart of downtown Grass Valley. The property is fully occupied by Booktown Books, a cooperative of independent booksellers that has operated at this location for approximately 20 years.
A new five-year Modified Net Lease was executed in January 2025, providing investors with a 7.16% going-in cap rate and scheduled 3% annual increases, resulting in a blended 7.43% average cap rate over the lease term. Each cooperative member has personally guaranteed the lease, offering a unique level of credit strength and security.
107 Bank Street offers a rare opportunity to acquire a stabilized, income-producing asset with long-term tenant history, personal guarantees, predictable rent growth, and an irreplaceable downtown location adjacent to municipal parking and the city’s premier pedestrian corridor.
A new five-year Modified Net Lease was executed in January 2025, providing investors with a 7.16% going-in cap rate and scheduled 3% annual increases, resulting in a blended 7.43% average cap rate over the lease term. Each cooperative member has personally guaranteed the lease, offering a unique level of credit strength and security.
107 Bank Street offers a rare opportunity to acquire a stabilized, income-producing asset with long-term tenant history, personal guarantees, predictable rent growth, and an irreplaceable downtown location adjacent to municipal parking and the city’s premier pedestrian corridor.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,247 SF
Building Class
C
Year Built
1922
Price
$1,100,000
Price Per SF
$259.01
Cap Rate
7.16%
NOI
$78,760
Tenancy
Single
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.10 AC
Zoning
TC - Town Core
Frontage
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 008-372-003-000 | Improvements Assessment | $608,634 |
| Land Assessment | $208,080 | Total Assessment | $816,714 |
PROPERTY TAXES
Parcel Number
008-372-003-000
Land Assessment
$208,080
Improvements Assessment
$608,634
Total Assessment
$816,714
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