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Plumas Bank

255 Main Street, Chester, CA 96020

$7,440,000

Cap Rate 7.25%

Views: 81 DOM: 96 Updated: 10.30.24 Posted: 08.29.24 Status: Active

Summary

Price $7,440,000
Built/Renov 1982
Tenant Plumas Bank
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 12,375
Lease Start 02-14-2024
#Units 15
Price/SF $601.21
Expiration 02-28-2039
Tenant Type Bank/Financial
NOI $539,460
R. Term 14.3
Ownership Fee Simple
Rent/SF $43.59
Increases 2.0%/1/yrs
Pop 5Mi 2,583
Lot/AC 0.77
Options 1/15yrs/2%
AHHI 5Mi $74,637

Jeff Lefko
Hanley Investment Group
Contact

Lease Highlights

  • Plumas Bank has 14+ years remaining on the current lease term with 1 (15-year) option to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Exceptional bank deposits; $86+ million at this location
  • Corporate guaranteed lease (NASDAQ: PLBC)

Location Description

Plumas Bank is strategically located at the hard corner intersection of Main Street and Myrtle Street near Lake Almanor, which attracts 400,000 annual visitors. The property offers direct connections to Interstate 5, State Route 99, and US 395. The immediate area is home to several golf courses, including Bailey Creek Golf Course, Lake Almanor Country Club Course, and Lake Almanor West Golf...

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Key Features

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • Corporate Guarantee

  • Publicly traded company

    • ...

Links

Plumas Bank Wikipedia Chester, California Zip Code 96020 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Plumas Bank is a community-focused financial institution offering a wide range of services, including personal and business banking, loans, mortgages, and investment services. The bank is...


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Listing Broker

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