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Property Specs
  • Price: $149,900
  • Property Status: Active
  • Date of Listing: 5/9/2021
  • Property Type:
  • Year Built:
  • Lot: Irregular 1.3 acres County Road Frontage
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Property Description

Rare opportunity! These situations do not come available every day. Totally passive income! no touch, no-low expense, no-low risk investment. Commercial Land 1.3 acres with a very well maintained, well managed, much needed and appreciated US Post Office as the long-term NNN ground lessee. Improvements are not included in the purchase and remain the property of the USPS.  Consult with County of Placer to determine feasibility of building additional structures on the un-leased part of the land.

 

Take a drive by, walk around the property but please do not disturb the Post Master with any questions. For the land, not being used by the Post Office, please use caution and enter at your own risk. Direct questions to Pam Bliss 916-276-1817. US Government (Post Office) is the Lessee of a portion of the land only. They own and are responsible for all aspects of the Structure and Infrastructure and shall be and remain the property of the Post Office. Current ground lease term goes until 2026 at $650/month. Tenant Leases 21,326SF of the 56,628SF Lot. Land owner pays the annual Property Taxes. Lessee reimburses Owner 37.66%, plus real estate taxes for the improvements.

Reports Available (upon request):
 
Natural Hazard Report
Preliminary Title Report
 
 

 

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