2480 Grass Valley Hwy
Auburn, CA 95603
Retail Property For Sale

Kidder Mathews is pleased to offer for sale this Single Tenant NNN leased to AAA Northern California, Nevada & Utah, located at 2480 Grass Valley Highway, in the city of Auburn, the county seat of Placer County in Northern California. THE OFFERING The property consists of a newly renovated 5,575 square foot free standing pad building situated on a high-profile 40,781 square foot land parcel along Grass Valley Hwy. The property is located in Auburn Village, a newly renovated retail center with national and regional credit such as Bel Air Supermarket,CVS Pharmacy, Goodwill, U.S. Bank, Kentucky Fried Chicken and Carl’s Jr. AAA Northern California single tenant NNN absolute pad offers an investor a stable income stream with long-term corporate guaranteed NNN lease, provides ease of management and is an ideal investment for a 1031 exchange or passive investors. The property is on a long-term 10-year absolute NNN Lease to AAA Northern California, Nevada & Utah with zero landlord responsibility. The lease has two (2) five-year options to renew, each with 10% rental increases. The property is strategically positioned with significant frontage and visibility along Grass Valley Hwy, the main thorough fare in the region with over 40,000 vehicles per day traffic counts and just minutes from Interstate 80 with over 85,100 vehicles per day traffic counts. Additionally, the property is located at one of the main shopping districts in Placers County that draws and serves from the surrounding outlying communities. The property is positioned within the heart of the Placer County metro area. The property is centrally located in Auburn which not only acts as the county seat of Placer County but also provides the areas shopping and service needs. The population density of the area is very strong at 59,491 people having an average household income in excess of $101,340 (7-mile). Set in the foothills of the Sierra Nevada Mountains. Auburn is just 35 miles to Sacramento and 90 minutes to Lake Tahoe. The property’s location also benefits from the convenient access to nearly all the area’s primary highway inclusive of Grass Valley Hwy (49) and Interstate 80. Additionally, the site is surrounded by a synergistic mix of businesses, residences, government and shops