Listed by SRS Real Estate Partners Newport Beach
$1,070,000
Exxon/Sunoco (4802 Alameda)
Details
APN 0960-0000-0010
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,767
Cap Rate 5.75%
NOI $61,540
Occupancy 100%
Tenancy Single
Brand/Tenant Exxon Mobile
Lease Type Absolute NNN
Lease Term 33.9
Lease Expiration 09/30/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options 2 (10-year)
Price per SqFt $606
Year Built 1971
Acreage 0.460
Zoning CG-2: General Commercial
Parking Spaces 23 spaces
Parking Per SqFt 13.02
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/1998
Ownership Fee Simple (Land & Building)
Retail | 5.75% CAP | 1,767 SqFt
Investment highlights
7 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
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Annual Debt Service
$--
$--
Annual Cash Flow
$61,540.00
$5,128.33/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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