307 E Sierra Ave | Portola, CA 96122
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- LoopNet Team
307 E Sierra Ave
Portola, CA 96122
7-Eleven - Abs. NNN Corp. Guaranty · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Approx. 11 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc. (A - Rated)
- Minutes from Portola High School and Eastern Plumas Health Care
- Property Qualifies for 40% Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
- 7.5% Rental Increases Every 5 Years with Multiple Renewal Options
- Easily Accessible Location Along Sierra Avenue / Highway 70, Portola’s Primary Thoroughfare and Retail Corridor
- Average Household Income Exceeds $88,000 within a 5-Mile Radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,994 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.31 AC
Zoning
C2 - Commercial
Parking
5 Spaces (1.67 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,558,486 | |
| Land Assessment | $1,120,633 | Total Assessment | $3,679,119 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,120,633
Improvements Assessment
$2,558,486
Total Assessment
$3,679,119
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