2075 Nevada City Hwy, Grass Valley, CA 95945 For Sale

ALIVE Commercial Real Estate is pleased to present this Lumberjacks Restaurant offering in Grass Valley, CA at a list price of $1,705,000 / 5.5% Cap Rate. The subject property is a freestanding retail building comprised of 4,203 SF situated on an oversized 0.90-acre parcel per public records. The current tenant has been operating at this location since 2010 with a lease expiring August 31, 2030 and no options remaining. The Net Operating Income (NOI) is $93,783.96 which equates to an in-place rental rate of $1.86 PSF – NNN, well below market within this retail corridor of Grass Valley. This investment allows for stable and passive income with the potential for future redevelopment. By way of example, immediately adjacent to the subject property is a new construction Sherwin Williams with an in-place rental rate of $3.60 PSF - NNN. Additional retailers in the immediate trade area include Save Mart, McDonald’s, Tractor Supply, Dutch Bros Coffee, Quick Quack Car Wash, Dollar General, Safeway, Grocery Outlet and a host of others. The Sutton & Brunswick interchange has long served as the dominant retail trade area in a market with substantial barriers to entry. Please contact Patrick Follett directly at [email protected] or 916.871.2269 to discuss this offering and please do not disturb the existing tenant.