18590 Skipper Ln - Convenience Store FOR SALE
Morgan Hill, CA 95037 |
$8,599,928 USD
513-325-8682
18590 Skipper Ln
Morgan Hill, CA 95037
HIGHLIGHTS
- 2021 Build to Suit for 7-Eleven | Store Includes Gas Station, Car Wash and Full Convenience Store | 3,700-SF Building on a +/-1.31 Acre Parcel
- New 15-Year Absolute Net Lease With 11+ Years Remaining and No Landlord Responsibilities
- 10% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options | Corporately Guaranteed Lease
- Located Within Evergreen Village, a New 20-Acre Mixed Use Center Featuring Retail, Restaurants, Office, Medical and More
- Heavy Development In the Area: Evergreen Village Has Four Projects Currently Under Construction Including Taco Bell, Holiday Inn Express, & More
- High Visibility Along Cochrane Road With 30,500+ Vehicles Per Day | Hard, Signalized Corner Location With Easy Access From All Traffic Directions
FOR SALE DETAILS
PRICE
$8,599,928 USD
PRICE/SF
$2,324 USD /SF
CAP RATE
4.63%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
1.31 AC
LAND SF
57,064 SF
ZONING
PUD
APN/PARCEL ID
726-58-005
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513-325-8682
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513-325-8682
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