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Lassen Shopping Center 2545 Main St 81,168 SF 83% Leased Retail Building Susanville, CA 96130 $8,178,000 ($100.75/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- NorCal Community Center – Lassen Shopping Center is an ±81,168 SF, multi-tenant, community shopping center
- High Credit Tenancy – 92% of the occupied GLA is leased to national or regional credit
- “Main Street” Location – The property is well-located along CA SR-36/Main Street (±20,300 CPD)
- Established Operating Histories – Anytime Fitness has operated at this location for +15 years
- Massive NOI Growth – The lease up of vacant space and reletting of below-market rent suites as leases expire should help grow the NOI nearly $389,000
EXECUTIVE SUMMARY
* Established Operating Histories – Anytime Fitness has operated at this location for +15 years; Dollar Tree (Nasdaq: DLTR), Round Table Pizza, and California’s DMV have been operating at this location for +24 years
* High Credit Tenancy – 92% of the occupied GLA is leased to national or regional credit
* Massive NOI Growth – The lease up of vacant space and reletting of below-market rent suites as leases expire should help grow the NOI nearly $405,000 (64%) over the expected hold period, producing an extremely attractive +5% compound annual growth rate (CAGR)
* “Main Street” Location – The property is well-located along CA SR-36/Main Street (±20,300 CPD) connecting Reno and Tahoe and at the heart of downtown Susanville, which is the county seat of Lassen County, with proximity to Lassen County Fairground and Lassen High School
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The California Department of Motor Vehicle’s vision is to be a trusted leader in delivering innovative services. This vision is supported by its mission to proudly serve the public by licensing drivers, registering vehicles, securing identities, and regulating the motor vehicle industry. The two functions of the DMV that most people are familiar with are registering vehicles and licensing their drivers. There are millions of registered vehicles in California with millions of licensed drivers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Discover the perfect space for your business at the vibrant Lassen Shopping Center! This prime office/retail space offers an excellent opportunity to grow your brand in a dynamic and thriving community hub.
Discover the perfect space for your business at the vibrant Lassen Shopping Center! This prime office/retail space offers an excellent opportunity to grow your brand in a dynamic and thriving community hub.
Discover the perfect space for your business at the vibrant Lassen Shopping Center! This prime office/retail space offers an excellent opportunity to grow your brand in a dynamic and thriving community hub.
| Space | Size | Space Use | Position | Available |
| 2555 | 7,200 SF | Office/Retail | - | Now |
| 2571 | 5,284 SF | Retail | - | Now |
| 2589 | 1,290 SF | Retail | In-Line | Now |
2555
| Size |
| 7,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2571
| Size |
| 5,284 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2589
| Size |
| 1,290 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2555
| Size | 7,200 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Discover the perfect space for your business at the vibrant Lassen Shopping Center! This prime office/retail space offers an excellent opportunity to grow your brand in a dynamic and thriving community hub.
2571
| Size | 5,284 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Discover the perfect space for your business at the vibrant Lassen Shopping Center! This prime office/retail space offers an excellent opportunity to grow your brand in a dynamic and thriving community hub.
2589
| Size | 1,290 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Discover the perfect space for your business at the vibrant Lassen Shopping Center! This prime office/retail space offers an excellent opportunity to grow your brand in a dynamic and thriving community hub.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 105-251-019-000 | Improvements Assessment | $7,137,552 |
| Land Assessment | $1,740,877 | Total Assessment | $8,878,429 |
PROPERTY TAXES
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Lassen Shopping Center | 2545 Main St
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