36 Main St 6,205 SF Retail Building Sutter Creek, CA 95685 $890,000 ($143.43/SF) 9.22% Cap Rate
INVESTMENT HIGHLIGHTS
- HISTORICAL BUILDING...MALATESTA BUILDING SINCE 1860(ORIGINAL BUILDING REBUILT AFTER FIRE IN 1888)
- SUCCESSFUL RESTURANT SPACE FOR MANY YEARS
- THE CENTER OF TOWN'S ENTERTAINMENT DISTRICT
EXECUTIVE SUMMARY
CURRENT LONG TERM TENANT HAS 2 YEARS LEFT ON CURRENT LEASE WITH AN OPTION TO RENEW FOR 3 ADDITIONAL YEARS AT NEW RATE
MOTIVATED SELLER...PRICE REDUCTION. CAP RATE OVER 9%. GREAT INVESTMENT..VERY SUCCESSFUL LONG TERM TENANTS
MOTIVATED SELLER...PRICE REDUCTION. CAP RATE OVER 9%. GREAT INVESTMENT..VERY SUCCESSFUL LONG TERM TENANTS
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$82,800
|
$13.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,800
|
$13.34
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,205 SF
Building Class
C
Year Built
1850
Price
$890,000
Price Per SF
$143.43
Cap Rate
9.22%
NOI
$82,087
Tenancy
Single
Building Height
2 Stories
Building FAR
1.58
Lot Size
0.09 AC
Zoning
NC - C1
Frontage
40’ on MAIN STREET
AMENITIES
- Restaurant
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cavanas Pub & Grub
- Accommodation and Food Services
- -
- -
- Full Service
- -
Local pub based in Sutter Creek, California
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cavanas Pub & Grub | Accommodation and Food Services | - | - | Full Service | - |
PROPERTY TAXES
| Parcel Number | 018-161-011-000 | Improvements Assessment | $597,699 (2024) |
| Land Assessment | $203,100 (2024) | Total Assessment | $800,799 (2024) |
