131-137 Placerville Dr
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131-137 Placerville Dr
9,400 SF 100% Leased Retail Building Placerville, CA 95667 $1,781,288 ($189/SF) 6.50% Cap Rate
Investment Highlights
- Ideal for an investor seeking an asset that is easy to manage and has a history of stable tenancy
- Situated on the retail corridor of Placerville Drive with a strong history of very low vacancy
- Modified Gross leases with Tenants paying proportionate share of operating expenses
Executive Summary
This fully leased, freestanding multi-tenant asset is now available for sale. Known for its consistent 100% occupancy, this property benefits from a prime location with high visibility on Placerville Drive. Proximity to US HWY 50 and several shopping centers ensures strong leasing demand. Two tenants have a long-term presence, having exercised multiple lease extension options. The newest tenant, Tire and Brake Center, has had a successful start and committed to a five-year lease, attracted by the location and neighboring high-performing tenants.
Overall, this property presents a highly attractive investment opportunity. It requires low maintenance, with all three rents at or near market levels and featuring annual increases. Additionally, nearly all property expenses beyond 2024 are passed on to the tenants, resulting in a steadily growing return for investors year after year.
Overall, this property presents a highly attractive investment opportunity. It requires low maintenance, with all three rents at or near market levels and featuring annual increases. Additionally, nearly all property expenses beyond 2024 are passed on to the tenants, resulting in a steadily growing return for investors year after year.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,400 SF
Building Class
C
Year Built
1963
Price
$1,781,288
Price Per SF
$189
Cap Rate
6.50%
NOI
$115,784
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.53 AC
Zoning
C - Zoned Commercial with the City Of Placerville.
Parking
15 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
218 FT on Placerville Dr
Amenities
- 24 Hour Access
- Corner Lot
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 325-160-031-000 | Improvements Assessment | $884,340 |
| Land Assessment | $286,110 | Total Assessment | $1,170,450 |
PROPERTY TAXES
Parcel Number
325-160-031-000
Land Assessment
$286,110
Improvements Assessment
$884,340
Total Assessment
$1,170,450
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131-137 Placerville Dr
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