10 Nove Way
Valley Springs, CA 95252

Current Cap Rate: 5.58%Price per square foot: $115.00Current Net Operating Income: $108,703.00Proforma Cap Rate: 10.10%Occupancy: 61.45%Vacancy: 38.55% Nove Plaza is strategically located in Valley Springs, CA on California State Route 26, near the junction of California State Route 12. These State Routes conveniently connect eastbound travelers from the San Francisco Bay Area and the California Central Valley heading to popular destinations within the Sierra Foothills and the Sierra Mountains. The center is comprised of a 16,600 square foot strip center with a variety of local tenants with good leases in place. Approximately 38% of the center is ready for new tenants allowing a new owner to add value and increase the return. Situated on a signalized, corner site, Nove Plaza has excellent pylon visibility along State Route 26 and is situated a few parcels from the Valley Oaks Center, a Mar-Vals anchored grocery shopping center that is also home to such notable tenants as Subway, Round Table Pizza, CVS, Taco Bell and Burger King.Directly across from Nove Plaza is a popular Chevron service station and convenience store that pulls t Valley Springs, CA