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Christensen Automotive

2614 Sussex Ave, South Lake Tahoe, CA 96150

Listing Price: $2,800,000

Cap Rate
4.50%
Tenant Name
Christensen Automotive
Years Remaining On Lease
20.9
Guarantor
Corporate Guarantee
Rentable SF
2,046
Lease Type
Absolute Net
Rent Per Square Feet
$61.58

Investment Overview

Christensen Automotive has over 20 years of operational history with the first location opening in 1998 in South Lake Tahoe. Today the company operates five locations in Northern Nevada to include South Lake Tahoe and eight locations in Las Vegas and the surrounding MSA. The company is Veteran Owned and Operated. Every location operates with the highest quality of standard employing only Certified ASE Professionals with at least one Master Level ASE Technician. Christensen Automotive is deeply involved with the local communities in which they operate.

Investment Highlights

  • 20-YEAR ABSOLUTE NNN LEASE The subject property operates under a newly-formed 20-year Absolute NNN Lease with no landlord management or maintenance responsibilities whatsoever.
  • 2% ANNUAL RENT INCREASES The lease offers 2% rent increases every year during the original term and the 4, five-year renewal options (if exercised)
  • TOP DESTINATION FOR REMOTE WORK All of Lake Tahoe has been a major winner with the shift to "work-from-anywhere". South Lake Tahoe was named the Top City in Zillow's "Most Popular Places of 2021".

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Auto Service - Gas-Conv

Christensen Automotive

Listing Price: $2,800,000

Cap Rate
4.50%
Tenant Name
Christensen Automotive
Years Remaining On Lease
20.9
Guarantor
Corporate Guarantee
Rentable SF
2,046
Lease Type
Absolute Net
Rent Per Square Feet
$61.58

Investment Highlights

  • 20-YEAR ABSOLUTE NNN LEASE The subject property operates under a newly-formed 20-year Absolute NNN Lease with no landlord management or maintenance responsibilities whatsoever.
  • 2% ANNUAL RENT INCREASES The lease offers 2% rent increases every year during the original term and the 4, five-year renewal options (if exercised)
  • TOP DESTINATION FOR REMOTE WORK All of Lake Tahoe has been a major winner with the shift to "work-from-anywhere". South Lake Tahoe was named the Top City in Zillow's "Most Popular Places of 2021".

Investment Overview

Christensen Automotive has over 20 years of operational history with the first location opening in 1998 in South Lake Tahoe. Today the company operates five locations in Northern Nevada to include South Lake Tahoe and eight locations in Las Vegas and the surrounding MSA. The company is Veteran Owned and Operated. Every location operates with the highest quality of standard employing only Certified ASE Professionals with at least one Master Level ASE Technician. Christensen Automotive is deeply involved with the local communities in which they operate.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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