Cedar Ridge Y

29,645 SF Multi-Tenant Retail Strip | 9.09% Cap Rate on In-Place Income | $2,800,000 | 10.68 Acres

Tucker Commercial is pleased to present The Cedar Ridge Y, a fully leased ±29,645 SF multi-tenant retail strip center in Grass Valley, CA. Priced at $2,800,000 ($94.95/SF) with an in-place cap rate of 9.09%, this stabilized investment includes three retail buildings on ±6.49 acres and an adjacent ±4.23-acre Business Park-zoned parcel offering future development potential.

The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny’s Bar, and Tom’s Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification.

Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility.

Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents.

This offering combines steady in-place income, value-add potential, and future development upside—a rare opportunity under $100/SF in Northern California.

Highlights

vestment highlights

  • 100% Leased | 13-Suite Retail Center
    ±29,645 SF across three buildings with a mix of restaurant, bar, automotive, and general retail tenants.
  • Attractive In-Place Yield
    Offered at $2,800,000 with an NOI of ±$254,500, equating to a 9.09% cap rate.
  • Diversified Rent Roll
    No tenant contributes more than 15% of total income, reducing credit risk and enhancing cash flow stability.
  • Below-Market Rents | Embedded Upside
    Current average rent at $0.99/SF gross presents near-term mark-to-market potential through re-leasing or repositioning.
  • Additional ±4.23-Acre Development Parcel
    Adjacent BP-zoned land ideal for self-storage or other commercial development (Use Permit required).
  • High Visibility & Access
    Over 750 feet of frontage on State Route 174 (AADT: 6,830), a major regional connector.
  • Growing Trade Area | Supply-Constrained Market
    Grass Valley anchors western Nevada County’s economy with a 90,000+ resident trade area, limited new retail construction, and strong occupancy fundamentals.
Property Details
Status
Type
Subtype
County
For Sale
Retail
Auto Shop, Restaurant, Storefront
Nevada County

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Tyson Tucker

Founder & Principal

CA DRE 01804034

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Confidentiality & Registration Agreement

TJT Realty Inc., DBA Tucker Commercial ("Broker") has been retained by the subject property's ownership ("Owner") in connection with a possible sale of 13451 Colfax Hwy, Grass Valley, CA 95945 (the "Property"). Broker, on behalf of Owner, has agreed to make available to the undersigned (the "Prospect") certain "Confidential Information" (hereinafter defined) provided Prospect agrees to all of the terms and provisions of this agreement (the "Agreement"). Prospect desires to receive Confidential Information in connection with the Property, and in consideration of same, the receipt and sufficiency of which are acknowledged, Prospect hereby agrees with Broker and Owner as follows:

  1. Confidential Information. "Confidential Information" means all non-public or proprietary information concerning the Property disclosed by or through Broker to Prospect, including without limitation development, sales or marketing plans, business strategies or plans, accounting or financial information, processes, systems, data, customer information, documents, studies and other materials relating to the Property, whether written or oral and in any medium, tangible or intangible. Confidential Information does not include information which (i) becomes publicly available other than as a result of disclosure by Prospect or its representatives, (ii) was already in Prospect's possession prior to the date of this Agreement, (iii) is independently created by Prospect from information not otherwise deemed Confidential Information, or (iv) becomes available to Prospect on a non-confidential basis from a source other than Broker or Owner, provided such source is not bound by a confidentiality obligation.
  2. Use and Nondisclosure. All Confidential Information shall be used by Prospect solely for the purpose of evaluating a possible purchase of the Property and for no other purpose. Except as required by applicable law, Prospect shall keep all Confidential Information confidential and shall not disclose it to any other parties, provided that such information may be disclosed to Prospect's affiliates and their respective directors, officers, employees, professional advisors, representatives, reinsurers and rating agencies in connection with evaluation of a possible purchase of the Property. Prospect shall inform such parties of the terms of this Agreement and shall be responsible for any breach by its representatives. Broker is not authorized to receive confidential or proprietary information from Prospect and any such information submitted shall not be deemed confidential and may be freely used by Owner without compensation.
  3. No Contact. Prospect shall not contact or attempt to communicate with any media representatives, governmental authorities, or with any of Owner's employees, agents, contractors, tenants or prospective tenants with respect to the Property without the prior written consent of Owner, which may be withheld in Owner's sole discretion.
  4. Compelled Disclosure. If Prospect is required by subpoena or other legal process to disclose any Confidential Information, Prospect shall promptly notify Broker so that Broker or Owner may seek a protective order or waive compliance in writing. If no transaction is completed, Prospect shall promptly return all Confidential Information to Broker without retaining copies.
  5. No Warranty. Neither Broker nor Owner nor their respective representatives make any representation or warranty as to the accuracy or completeness of the Confidential Information and shall have no liability resulting from Prospect's use thereof.
  6. Indemnification. Prospect shall indemnify and hold harmless Broker and Owner and their respective officers, directors, employees, agents and representatives from any claims, damages or expenses, including attorneys' fees, arising out of any claim for commissions or compensation based on alleged dealings with Prospect. This obligation shall survive termination of this Agreement.
  7. Exclusive Agency. Broker is acting as Exclusive Agent for Owner in connection with marketing the Property. If Prospect retains a co-broker, Prospect and such co-broker shall indemnify Broker and Owner from any claims for commissions or fees arising therefrom.
  8. Non-Binding Discussions. Prospect shall keep confidential the fact that negotiations or discussions are taking place. Prospect acknowledges that Broker has no authority to bind Owner and that no transaction shall be binding unless Owner executes a final written agreement. All negotiations are non-binding and either party may withdraw at any time without liability, except as provided herein.
  9. Remedies and Entire Agreement. In the event of a breach, Broker or Owner shall be entitled to all legal and equitable remedies including injunctive relief. This Agreement constitutes the entire agreement among the parties and supersedes all prior understandings. This Agreement may only be amended in writing signed by all parties and shall be binding upon their successors and assigns.
  10. Governing Law. This Agreement shall be governed by and enforced in accordance with the laws of the State of California. Any action shall be brought in a state or federal court located in Sacramento County, California. The prevailing party shall be entitled to recover reasonable attorneys' fees and costs.
  11. Term. This Agreement shall remain in effect until the earlier of (i) one year from the date of execution or (ii) the closing of the purchase and sale of the Property and recordation of the deed.

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