109 S Main St - Service Station FOR SALE
Big Pine, CA 93513 |
$2,700,000 USD
332-345-4222
109 S Main St
Big Pine, CA 93513
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 qualifies for a 15-year accelerated depreciation as well as bonus depreciation. Discuss with a Certified Public Accoun
- The subject investment property features annual 2.00% rental increases, hedging against inflation.
- This 76 Gas Station and Convenience Store is one of three gas stations within a 15-mile radius of the subject property.
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$2,700,000 USD
PRICE/SF
$471 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
76 Gas Station
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
004-032-01
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332-345-4222
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332-345-4222
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