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United Pacific 6422 Betty Dr

3,204 SF Retail Building Visalia, CA 93291 $6,250,000 ($1,951/SF) 6% Cap Rate

Investment Highlights

  • Implied Credit: Fortress Investment Group & Phillips 66
  • Qualifies for Bonus Depreciation
  • 7.50% Rent Bumps Every 5-Years
  • 20-Year Base Lease Term
  • Absolute NNN Lease
  • 62,000+ Vehicles Per Day Traffic Counts!

Executive Summary

Embree Capital Markets Group is pleased to offer for sale to qualified investors a unique freestanding Rocket/76 (United Pacific) gas station, convenience store, and car wash. This is an opportunity for an investor to acquire a well-located gas station in a desirable California geography. The subject property is scheduled to be completed in September of 2021 and will contain a 20-year absolute NNN lease featuring 7.50% rental increases every 5-years upon its completion. The subject property includes a 1,148 Sq. Ft. car wash attached to the 3,204 Sq. Ft. convenience store and a total of 12 fuel pumps (4 semi-truck diesel pumps & 8 standard gas pumps).
*Subject Location Qualifies for Bonus Depreciation

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,204 SF
Building Class
B
Year Built
2021
Price
$6,250,000
Price Per SF
$1,951
Cap Rate
6%
NOI
$375,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.11 AC
Opportunity Zone
Yes
Parking
26 Spaces (8.11 Spaces per 1,000 SF Leased)
Frontage
200 FT on Betty Dr

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Rocket/76
  • Retailer
  • 3,204 SF
  • $117.04
  • Triple Net
  • Sep 2041
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Rocket/76 Retailer 3,204 SF $117.04 Triple Net Sep 2041
  • Listing ID: 31380652

  • Date on Market: 4/1/2024

  • Last Updated:

  • Address: 6422 Betty Dr, Visalia, CA 93291

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