Plumas Bank - Portfolio of 2
Mission-Critical HQ & Loan Office | Absolute NNN Leases w/ 3.00% Annual Increases
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a two-property Plumas Bank portfolio located in Quincy, California (the “Portfolio”). This sale-leaseback offering features newly executed 15-year absolute triple net leases to Plumas Bank (NASDAQ: PLBC), a publicly traded community bank with over $1.6 billion in assets. The Portfolio includes the bank’s corporate headquarters and their loan office providing investors with long-term cash flow backed by a trusted regional financial institution.
The two properties total 15,816 square feet and are offered fee simple, free and clear of existing debt. Both leases commenced in November 2025 and run through November 2040, with three five-year renewal options and 3.00% annual rental increases throughout the primary and option terms. The absolute NNN structure eliminates all landlord responsibilities, making this a passive investment with predictable income growth. The leases were executed as part of a recent sale-leaseback transaction, demonstrating the tenant’s long-term commitment to these locations, which serve critical roles in their operating footprint.
The two properties are located in the center of Quincy, which serves as the County Seat and primary service hub for Plumas County. This positioning draws consistent traffic from a wide regional population that relies on Quincy for financial, legal, and municipal services. The branch at 32 East Central Avenue sits within the town’s core retail corridor and serves as a loan office. The nearly adjacent property at 35 South Lindan Avenue functions as Plumas Bank’s corporate headquarters, supporting key administrative and back-office operations. Their proximity creates operational efficiencies and reinforces the bank’s long-term investment in this vital location.
Founded in 1980, Plumas Bank is a NASDAQ-listed financial institution offering full-service banking solutions to individuals, businesses, and municipalities across Northern California and Northern Nevada. The bank is known for its consistent performance, local expertise, and community focus. Over the last five years, Plumas Bank has achieved a compound annual growth rate of approximately 14.5% in its stock price and has been repeatedly recognized as one of the top-performing community banks in the nation by outlets such as American Banker and Raymond James. The company’s conservative management, healthy balance sheet, and local market dominance make it an ideal net lease tenant for long-term investors seeking stable income and downside protection.
Investment highlights
Mission-Critical Facilities Including Plumas Bank’s Corporate Headquarters | The Portfolio includes two essential assets in Quincy, CA: Plumas Bank’s operational headquarters at 35 South Lindan Avenue, and its primary loan office branch servicing Plumas County at 32 East Central Avenue. These locations are integral to the bank’s regional presence and long-term business strategy.
Long-Term Absolute NNN Leases with 3.00% Annual Increases | Each property is leased to Plumas Bank on a 15-year absolute NNN basis, requiring zero landlord responsibilities and offering completely passive ownership. The leases include three five-year renewal options and feature 3.00% annual rental increases throughout both the base term and all extensions. This structure provides investors with durable, predictable income and a strong inflation hedge backed by a publicly traded tenant with deep roots in the region.
Top-Performing Publicly Traded Community Bank | Plumas Bank (NASDAQ: PLBC) is a publicly traded institution with more than $1.6 billion in total assets and a track record of consistent growth. The company’s stock has achieved an estimated five-year CAGR of 14.5%, and it has been recognized as one of the top-performing community banks in the country by American Banker and Raymond James.
Strong Commitment to Location Backed by Sale-Leaseback Execution | The tenant’s decision to complete a sale-leaseback—retaining occupancy after transferring ownership—demonstrates long-term commitment to both properties. This structure reinforces the strategic importance of the locations to Plumas Bank’s continued growth and stability.
County Seat with Affluent, Growing Customer Base | Quincy serves as the County Seat and administrative center of Plumas County, functioning as the hub for essential government, legal, and financial services. As the location of the Superior Court, county government offices, and multiple public agencies, Quincy draws daily traffic from residents across the county who rely on the town for core services. This civic concentration reinforces Quincy’s role as the region’s primary trade and service area, directly benefiting the Plumas Bank properties. Average household income within five miles exceeds $111,000 and is projected to grow nearly 3% annually through 2029—reflecting a stable, upwardly mobile customer base that supports long-term banking demand.
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