Listed by SRS Real Estate Partners Newport Beach
$1,043,000
Stripes/7-Eleven
Details
APN 1512-0015-0130, 1512-0015-0110
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,450
Cap Rate 5.75%
NOI $60,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/31/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 2 (10-year)
Price per SqFt $426
Year Built 1977
Acreage 0.410
Zoning C-5, General Commercial District
Parking Spaces 6 spaces
Parking Per SqFt 2.45
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2020
Ownership Fee Simple (Land & Building)
Retail | 5.75% CAP | 2,450 SqFt
Investment highlights
5 Years Remaining | Options To Extend | Rental Increases
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Premier Retail Corridor | Strong National/Credit Tenant Presence
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
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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