Description
PRICE REDUCED! An almost impossible-to-find single-tenant triple-net (NNN) newly constructed investment offering in an unrivaled Broad Street location in the heart of historic Downtown Nevada City directly across from the new National Exchange Hotel. A new 5-year personally guaranteed lease with two 5-year options and annual CPI rent escalations provides the investor with a management/maintenance-free property priced at an in-place 6% capitalization rate of return. This property was fully and completely renovated in 2019-20 with approximately $400,000 worth of improvements including all new electrical, plumbing, sewer, HVAC, whole-building generator, roof mounted solar, insulation, fire alarm, framing, flooring, ceiling, LED lighting, ADA restroom, windows, doors, exterior paint/fascia and a first class commercial kitchen complete with Ansul hood system, dish/prep/handwashing sinks, comm. dishwasher, grease trap, water heater and more. If you are tired of the volatile stock market and are looking for a steady return that will keep up with inflation and appreciate over time, look no further.
Location
Similar Listings
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 28th May, 2023 9:47 AM (UTC)
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 28th May, 2023 9:47 AM (UTC)
Listing Agent: Lock M Richards
Listing Office: Highland Commercial, Inc.
