Two-Tenant 100% Leased Retail Center at Major Intersection

131 - 137 Olympia Park Road Grass Valley, CA 95945

131 - 137 Olympia Park Road, Grass Valley, CA, 95945
131 - 137 Olympia Park Road, Grass Valley, CA, 95945
FOR SALE
Property Type:
Strip Center
Amount:
$1,400,000
Last Verified:
Sep 22, 2020

Highlights

  • 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.

Description

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.

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.


Year Built: 1988
Building Size: 5808.0sq ft
Building Class: B
Lot Size: 0.43 acres

Map of 131 - 137 Olympia Park Road, Grass Valley, CA, 95945

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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