2998 South Milliken ave - Convenience Store FOR SALE


Ontario, CA 91761
$5,000,000 USD
949-725-8582
2998 South Milliken ave, Ontario, CA for Sale
$5,000,000 USD
Convenience Store - FOR SALE
1/5
null | 4.8% Cap Rate

2998 South Milliken ave
Ontario, CA 91761


HIGHLIGHTS

  • Dominant International Brand, Corporate Tenancy
  • Brand New NNN Ground Lease – 7-Eleven opened December 2024 on a 15-year ground lease
  • Strategic C-Store, Car Wash & Fuel Location – The property features a convenience store, car wash, and 12-pump fuel station

OVERVIEW

* Dominant International Brand, Corporate Tenancy – 7-Eleven, founded in 1927 in Dallas, Texas, is the world’s largest retailer by store count, with over 83,000 locations across 19 countries and approximately 135,000 employees. Generating more than $90 billion in annual revenue, it is a global leader in convenience retail and fuel services * Brand New NNN Ground Lease – 7-Eleven opened December 2024 on a 15-year ground lease, the most secure form of real estate investment, with 3 additional 5-year renewal options, demonstrating the tenant’s commitment to this location * Strategic C-Store, Car Wash & Fuel Location – The property features a convenience store, car wash, and 12-pump fuel station, providing a one-stop shop for customers. Its prime location on a signalized hard corner ensures exceptional accessibility and visibility * High Traffic, Convenient Location – Located on the hard corner of S Milliken Ave (±15,600 CPD) and S Riverside Ave (±10,770 CPD) with immediate access to Route 60 (±197,400 CPD), and Interstate 15 (±225,100 CPD), positioning the property for strong traffic flows and convenient access *Strong Daytime Population – With over 116 million SF of industrial and a daytime population of 76,624 within a 3-mile radius, the property benefits from its location in a thriving industrial market with a large customer base * Complimentary Surrounding Tenants – 7-Eleven is strategically located alongside national tenants including Starbucks, which opened in October 2023, along with Jack in the Box and Del Taco, both scheduled to open mid-2025, creating a point-of-destination retail location for residents, employees, and travelers alike

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,237 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CC-Community General

APN/PARCEL ID

1083-361-20

ASK ABOUT THIS PROPERTY

Erin SmithCBREMore Info
949-725-8582

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Erin SmithCBREMore Info
949-725-8582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.