32588 CA-190, Springville, CA 93265

Freestanding Modified-Net Limited Landlord Responsibility Government Guaranteed 13-Year Occupied US Ranger Station. Recent 2012 $1M remodel/expansion as part of the 15-year lease. The 319,491-acre Western Divide Ranger District encompasses the southern portion of the Giant Sequoia National Monument and is centrally located in Sequoia National Forest. This Building is used by US Forrest Service and Fire Jumper Division’s for all the Mountain Watch Areas. Visitors look forward to meandering along the Trail of 100 Giants, scenic view from the top of Dome Rock, the quant towns of Camp Nelson/Ponderosa, or perhaps a backcountry hike into the Golden Trout Wilderness. The district offers 9 developed campgrounds (including groups sites), rental cabins, developed day use areas, 296 miles of trails, 338 miles of off-highway vehicle routes that offer miles of winter-time ski or snowmobile routes and much more.

This safe and secure deal houses a government tenant on only $27.17/SF/YEAR rent, securing this extremely safe and lucrative lease. With years left in the current lease (11/1/2012 thru 10/31/2027), this property will experience a dramatic increase in NOI with market rent by renegotiating a lease extension, as there are no pre-negotiated options. Additional expansion land included offering many years of growth at this site. The deal offers a 7.38% CAP rate and a 1.4 Debt Coverage Ratio when leveraged with 30% down!