Listed by SRS Real Estate Partners Newport Beach
$2,188,000
Exxon/Sunoco (3760 Alameda)
Details
APN 6103-0817-0650
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,544
Cap Rate 5.5%
NOI $120,360
Occupancy 100%
Tenancy Single
Brand/Tenant Exxon Mobile
Lease Type Absolute NNN
Lease Term 20.9
Lease Expiration 09/30/2032
Remaining Term 6.2
Rent Bumps Yes
Lease Options 2 (10-year)
Price per SqFt $860
Year Built 1987
Acreage 0.880
Zoning CN-1: Neighborhood Commercial
Parking Spaces 35 spaces
Parking per 1,000 SqFt 13.76
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2011
Ownership Fee Simple (Land & Building)
Retail | 5.50% CAP | 2,544 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
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,360.00
$10,030.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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