9960-9990 Live Oak Blvd
Live Oak, CA 95953

The subject property, known as Oak Tree Plaza, is a 11,533-square foot multi-tenant retail property situated on 1.45-acres of commercial land located in Live Oak, California. More specifically, the Oak Tree Plaza is located on the southwest signalized corner of Highway 99 (Live Oak Boulevard) and Pennington Road. The property is currently 88.5% occupied by three tenants all of which are on absolute triple-net leases. Constructed in 2007, Oak Tree Plaza consists of four separate suites ranging from 1,323 to 5,000-square feet. Currently, the 1,323-square foot suite is vacant and in gray shell condition. Located on the endcap, this is the most desirable suite within the center. The remaining suites are leased to Golden Pacific Bank (including a drive-thru), Live Oak Pharmacy and Peach Tree Clinic all on absolute triple-net leases. All of the tenants have been occupants of the center since its construction. Golden Pacific Bank is a community bank headquartered out of Sacramento with additional locations in Yuba City and Live Oak. Live Oak Pharmacy is part of the Good Neighbor Pharmacy network with more than 4,500 independent pharmacies within their network. Peach Tree Clinic has eight locations in Northern California specializing in family medicine, pediatrics, vision and dental. The subject property is an extremely stable investment due to the properties diverse base of internet resistant tenants. The city of Live Oak is located in northern Sutter County with a population of approximately 8,500 residents. Live Oak is located along the Highway 99 corridor between Yuba City and Chico, California. Sacramento, the State Capitol of California, is located approximately 50-miles from Live Oak making it an ideal commuter city for residents seeking a more rural lifestyle. Live Oak residents enjoy the Feather River, local parks and abundant recreation opportunities in the area. Live Oak is a thriving rural community with many reasonably priced new homes and good local schools. The famous “Live Oak Tree” is located on the grounds of the subject property. The city of Live Oak takes pride in maintaining the immediate area surrounding the tree. The Live Oak Tree is decorated during the holidays and is the focal point for the community of Live Oak. The offering allows an investor the opportunity to purchase an absolute triple-net retail property with a strong tenant base located on a highly visible signalized corner. The list price for Oak Tree Plaza is $3,000,000 equaling a 6.43% cap rate at 88.5% occupancy. Upon leasing up the vacant 1,323-square foot vacant space, the landlord can easily achieve a 8.04% proforma cap rate.