76 Gas Station 109 S Main St
5,737 SF Retail Building Big Pine, CA 93513 $2,700,000 ($471/SF) 7% Cap Rate
Investment Highlights
- The subject investment property will feature a 20-year absolute triple net (NNN) lease upon the close of escrow with zero landlord responsibilities.
- The subject investment property features annual 2.00% rental increases, hedging against inflation.
- The subject investment property qualifies for a 15-year accelerated depreciation as well as bonus depreciation. Discuss with a Certified Public Accoun
- This 76 Gas Station and Convenience Store is one of three gas stations within a 15-mile radius of the subject property.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a 76 located at 109 S Main St, Big Pine, CA. The site consists of roughly 5,737 rentable square feet of building space on an estimated 1-acre parcel of land. This 76 is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $189,000 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,737 SF
Building Class
C
Year Built
1996
Price
$2,700,000
Price Per SF
$471
Cap Rate
7%
NOI
$189,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.00 AC
Parking
10 Spaces
Frontage
120 FT on South Main Street
PROPERTY TAXES
Parcel Number | 004-032-01 | Improvements Assessment | $1,238,398 |
Land Assessment | $431,023 | Total Assessment | $1,669,421 |