Subway Retail Center | 1023 Emerald Bay Rd
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Subway Retail Center 1023 Emerald Bay Rd
4,812 SF 100% Leased Retail Building South Lake Tahoe, CA 96150 $1,800,000 ($374/SF) 5.39% Cap Rate
Investment Highlights
- Prime Location: 4,812 SF retail center at South Lake Tahoe’s busy "Y" intersection, anchored by Subway and adjacent to McDonald’s.
- Fully Leased: Long-term tenants in place, ensuring stable income for investors. Seller Financing may be available.
- High Barriers to Entry: Limited new development in the area ensures long-term investment security.
- Growing Development: Located across from the expanding 248-unit Sugar Pine Village, driving future foot traffic.
- Annual Rent Increases: Tenants have 3% annual rent bumps, providing consistent revenue growth.
- Brand new roof was completed in September of 2024.
Executive Summary
Introducing a prime investment opportunity: a 4,812 square-foot multi-tenant retail center located at the iconic "Y" intersection in South Lake Tahoe. Built in 1974, this four-unit retail building boasts high visibility and is anchored by well-established tenants, including Subway, with a McDonald’s adjacent to the property. Positioned across from the rapidly expanding Sugar Pine Village, a development featuring 248 residential units, this property is ideally situated to benefit from increasing foot traffic and commercial activity in the area.
The center is fully leased with long-term tenants in place, each benefiting from 3% annual rent increases, providing stable income growth. A brand-new roof was completed in the September of 2024. With high barriers to entry and limited new development in the area, this property offers investors solid income generation and long-term protection for their investment. Seller financing may also be available.
The center is fully leased with long-term tenants in place, each benefiting from 3% annual rent increases, providing stable income growth. A brand-new roof was completed in the September of 2024. With high barriers to entry and limited new development in the area, this property offers investors solid income generation and long-term protection for their investment. Seller financing may also be available.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,812 SF
Building Class
C
Year Built
1974
Price
$1,800,000
Price Per SF
$374
Cap Rate
5.39%
NOI
$97,020
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.33 AC
Zoning
GC - South Lake Tahoe is a vibrant mountain community with a population of residents and visitors who love to hike, bike, SUP, swim, kayak, ski, and board.
Frontage
128 FT on Emerald Bay
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 023-430-029-000 | Improvements Assessment | $704,223 |
| Land Assessment | $149,349 | Total Assessment | $853,572 |
PROPERTY TAXES
Parcel Number
023-430-029-000
Land Assessment
$149,349
Improvements Assessment
$704,223
Total Assessment
$853,572
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Subway Retail Center | 1023 Emerald Bay Rd
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