United Pacific | 6422 Betty Dr
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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
*Subject Location Qualifies for Bonus Depreciation
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
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 |
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United Pacific | 6422 Betty Dr
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