Listed by SRS Real Estate Partners Newport Beach
$1,992,000
Speedway (7-Eleven) | Excellent Retail Corridor | 7 Yrs NNN
Details
APN 018047
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,580
Units 1
Cap Rate 6.15%
NOI $122,486
Tenancy Single
Brand/Tenant 7-Eleven, 76 Gas
Lease Type Absolute NNN
Lease Expiration 09/29/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 2012
Buildings 1
Stories 1
Acreage 0.990
Zoning CH
Parking Spaces 8 spaces
Parking Per SqFt 3.10
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ownership Fee Simple (Land & Building Ownership)
Corporate Guarantee
Investment highlights
Speedway Acquisition | Corporate Strength | Expanded National Footprint | 6+ Years Remaining & Multiple Options
Proximity to Schools | Tourism & Recreation | Essential Retail Corridor
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,486.00
$10,207.17/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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