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2920 Main St
Susanville, CA 96130
Walmart Plaza Outparcel · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Owner/User Opportunity
- 50% NNN Leased to T-Mobile on 5-year term
- NEW Roof, Upgraded Electrical, Building Paint and Parking Lot (2022)
- Future Value Add/Drive-Thru Possible
- Proforma Income of $94,872
- Opportunity Zone
EXECUTIVE SUMMARY
The Walmart Plaza Shopping Center features a 6,500 square foot NNN leased pad building located in an opportunity zone that offers excellent exposure to Highway 36 and monument signage. Walmart, whose closest competing store is 80 miles away, completed an expansion and full remodel to Walmart Superstore in 2019 after being at the site for over 30 years. The building is positioned at the main entrance and offers access to the adjacent Safeway shopping center. Adding a DRIVE-THRU is possible and pending.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1997/2022
Price
$1,355,314
Price Per SF
$208.51
Cap Rate
7%
NOI
$94,872
Percent Leased
6%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.38 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Parking
45 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
316’ on Hwy 36
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 105-350-046-000 | Improvements Assessment | $270,608 |
| Land Assessment | $270,608 | Total Assessment | $541,216 |
PROPERTY TAXES
Parcel Number
105-350-046-000
Land Assessment
$270,608
Improvements Assessment
$270,608
Total Assessment
$541,216
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