Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - San Diego, CBRE - West LA, CBRE - Midtown Manhattan
$4,083,333
United Pacific: Paramount, CA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,424
Pumps 6
Cap Rate 6%
NOI $245,000
Tenancy Single
Brand/Tenant 76 Gas, United Pacific
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/29/2034
Remaining Term 8.1
Rent Bumps Yes
Lease Options Three 5-year options
Price per SqFt $2,868
Year Built 1959
Acreage 0.430
Parking Spaces 1 spaces
Parking Per SqFt 0.70
Investment Type Net Lease
Lease Commencement 07/01/2014
United Pacific - 76 Gas | Absolute NNN Asset with Bumps | Business Not For Sale
Marketing description
CBRE is pleased to offer for sale the United Pacific Portfolio, which is comprised of 14 sites across California. With an average operating history of ~50 years, the sites are subject to a ±8.3-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
Business is NOT for sale
Investment highlights
- Absolute NNN Leases with Increases: The sites are subject to a ±8.3-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- High Barriers to Entry: Irreplaceable locations with high barriers to entry for new gas competitors.
- Long-Term Operating History: Average operating history of ~50 years.
- Intrinsic Underlying Value: Infill locations with strong underlying intrinsic value.
- Business Not For Sale
Listing Contacts
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - San Diego, CBRE - West LA, CBRE - Midtown Manhattan
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$245,000.00
$20,416.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
