Two-Tenant 100% Leased Retail Center at Major Intersection
131 - 137 Olympia Park Road
Grass Valley, CA 95945
- 100% leased investment with "Covid-proof" essential businesses.
- Unsurpassed location with over 32,000 vehicles passing daily.
- Common entry with Taco Bell and O'Reillys.
- Long term NNN leases in place.
- Over 200' of immediate highway frontage.
PRICE REDUCTION! A +-5800 SF strip retail center with traffic counts of over 32,000 vehicles daily! Unparalleled location in a three-parcel center with immediate neighbors Taco Bell and O'Reilly's Auto Parts and situated at the corner of the busiest intersection in the region. Currently 100% occupied by two Covid-resilient businesses that have been in operation at the property since 1994 and who have just signed two new 7-year leases. High-dollar specialized improvements and tenants deemed "essential" in California add to the extraordinary security and performance of this investment. This property is currently IN ESCROW.
Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video technology, digital media and other high-tech industries, balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, the Grass Valley/Nevada City region continues to attract residents and businesses from nearby Sacramento and the SF Bay Area.
The property is located in the Brunswick/Glenbrook Basin, the most active commercial hub in the City, situated on both sides of Highway 49 at the Brunswick Road exit adjacent to Nevada City. The area contains 3 anchored centers with tenants including Safeway, SaveMart, RiteAid, Walgreens, Staples, CVS and various national fast food eateries. Numerous arterial roadways lead to and from the area increasing its convenience and popularity.