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Bank

Plumas Bank 2-Unit Portfolio

35 S Lindan Ave, Quincy, CA 95971

Listing Price: $6,865,555

Cap Rate
6.75%
Tenant Name
Plumas Bank
Years Remaining On Lease
14.8
Gross SF
14,360
Guarantor
Franchisee Guarantee
Rentable SF
14,360
Price/Gross SF
$478.10
Lease Type
Absolute Net
Rent Per Square Feet
$32.27

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two absolute net lease Plumas Banks in Quincy, CA. The first property consists of a 9,384-square-foot, freestanding building that sits on approximately 0.67 acres of land. The second property consists of a 4,976-square-foot, freestanding building that sits on approximately 0.42 acres of land. There are 14.8 years remaining on the lease with annual 3% rental increases.

Investment Highlights

  • Two-Unit Plumas Bank Portfolio - New 15-Year Absolute Net Leases with 3% Annual Rent Increases
  • Assignment-Based Sale
  • Two Mission-Critical Executive Office Locations
  • Prime Location - Just Off Main Street (10,427 VPD)
  • Top 10 Community Bank (PLBC; NASDAQ) - Ranked 8th on American Banker's Top 200 Publicly Traded Community Banks

Exclusively Listed By

Broker of Record

  • Tony Solomon

    Senior Vice President/District Manager

    (310) 909-5450

    License(s) CA: 01238010

    California

Bank

Plumas Bank 2-Unit Portfolio

Listing Price: $6,865,555

Cap Rate
6.75%
Tenant Name
Plumas Bank
Years Remaining On Lease
14.8
Gross SF
14,360
Guarantor
Franchisee Guarantee
Rentable SF
14,360
Price/Gross SF
$478.10
Lease Type
Absolute Net
Rent Per Square Feet
$32.27

Investment Highlights

  • Two-Unit Plumas Bank Portfolio - New 15-Year Absolute Net Leases with 3% Annual Rent Increases
  • Assignment-Based Sale
  • Two Mission-Critical Executive Office Locations
  • Prime Location - Just Off Main Street (10,427 VPD)
  • Top 10 Community Bank (PLBC; NASDAQ) - Ranked 8th on American Banker's Top 200 Publicly Traded Community Banks

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire two absolute net lease Plumas Banks in Quincy, CA. The first property consists of a 9,384-square-foot, freestanding building that sits on approximately 0.67 acres of land. The second property consists of a 4,976-square-foot, freestanding building that sits on approximately 0.42 acres of land. There are 14.8 years remaining on the lease with annual 3% rental increases.

Exclusively Listed By

Broker of Record

  • Tony Solomon

    Senior Vice President/District Manager

    (310) 909-5450

    License(s): CA: 01238010

    California

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