7-Eleven Convenience Store & Service Station | 3520 Pacheco Blvd
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7-Eleven Convenience Store & Service Station 3520 Pacheco Blvd
2,750 SF Retail Building Martinez, CA 94553 $3,000,000 ($1,091/SF) 5.90% Cap Rate
Investment Highlights
- 7-Eleven Inc ( S&P Credit Rating: A ) has Operated at this Location since 2017 and has Exercised their First Option
- Rare Single Tenant Net Leased Opportunity in Thriving and Rapidly Expanding East Bay Market - Martinez, CA
- Subject Property has Operated as Convenience Store and Service Station for 32+ Years; Large 3.36 Acre Lot with 6 Gasoline Bays and 9 Diesel Bays
- Absolute NNN Ground Lease with 4 Years Remaining and Scheduled 10% Rent At Options
- Strategically Positioned in Commercial Corridor on Pacheco Boulevard within Close Proximity to Highway 4, Interstate 680 and Tesoro Refinery
Executive Summary
Essential CRE is pleased to present the exclusive opportunity to acquire the ground lease interest, via C-Corp stock sale, in a single tenant 7-Eleven convenience store and service station located at 3520 Pacheco Blvd in Martinez CA (East Bay SF). The subject property is 2,750 square feet, resides on 3.36 acres of land and was constructed in 1992. 7-Eleven has 4 years remaining on an Absolute NNN Ground Lease with a scheduled 10% increase on May 1st, 2023. There is one, 5-year option remaining with a 10% increase at option renewal. The property is strategically located on Pacheco Blvd, a primary commercial arterial situated in this highly sought-after East Bay market. 7-Eleven benefits from its proximity to the Tesoro Golden Eagle Refinery, Highway 4 and interstate 680, providing convenient access for commuters and workers.
Property Facts Under Contract
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,750 SF
Building Class
B
Year Built/Renovated
1992/2017
Price
$3,000,000
Price Per SF
$1,091
Cap Rate
5.90%
NOI
$176,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
3.36 AC
Zoning
L-I
Parking
6 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
85 FT on Pacheco Blvd
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 377-190-007-7 | Improvements Assessment | $2,648,376 |
| Land Assessment | $141,359 | Total Assessment | $2,789,735 |
PROPERTY TAXES
Parcel Number
377-190-007-7
Land Assessment
$141,359
Improvements Assessment
$2,648,376
Total Assessment
$2,789,735
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Michael Cisternino -
Nick Cole -
Essential CRE
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7-Eleven Convenience Store & Service Station | 3520 Pacheco Blvd
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