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Marketing Description
Thank you for inquiring about the NNN Leased Investment Opportunity in Santa Rosa, CA. This Leased Gas Station is situated on a peninsula shaped parcel, with ideal access from two sides of the property, in an affluent Santa Rosa location. This offering presents an investor with an in-place CAP rate of 7.5%. There are 3 years remaining on the first of two (5) year options. Rent will adjust with the market at the next option period in 11/2024. The location and shape of the parcel lend itself to many drive-thru oriented retail businesses.
Investment Highlights
- Currently operating as “Flying A” branded gas station
- Mini-mart with (2) Fueling stations providing (4) total pumps
- Listed for sale at $695,000
- 7.5% in-place CAP rate
- $52,000 NOI (est.)
- APN
- Excellent peninsula shaped parcel at the intersection of Summerfield and Montgomery
Broker Reported
Public Record 1
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Activated On
Sold Price
Buyer Borrower 1 Name
Seller 1 Name
Description
Marketing Description
Marketing Description Text
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Marketing Description
Excellent peninsula location with high traffic count in high income neighborhood. Current tenant, branded as "Flying A Gas Station" has been opertaing at this site since 2010 with current NN lease expiring 10/24 and (1) additional 5-year option. Access to property from two streets create many redevelopment options. Please contact listing agent for details regarding envirnomental status.
Investment Highlights
- Peninsula parcel with high traffic count
- High income neighborhood
- Many redevelopment opportunities
- Current lease term expires 10/24 with (1) remaining 5-year option
- (4) pumps on-site
- Mini-market with beer & wine sales
- NN Lease
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Contacts
Sold on
BY:
Steve Crane PRO
•••.•••.1224
•teve@••••••••••••••••.com
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