307 E Sierra Ave - Convenience Store FOR SALE


Portola, CA 96122
$2,564,103 USD
602-687-6780
307 E Sierra Ave, Portola, CA for Sale
$2,564,103 USD
Convenience Store - FOR SALE
1/5
null | 5.85% Cap Rate

307 E Sierra Ave
Portola, CA 96122


HIGHLIGHTS

  • Approx. 12 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc. (A - Rated)
  • 7.5% Rental Increases Every 5 Years with Multiple Renewal Options
  • Minutes from Portola High School and Eastern Plumas Health Care
  • Easily Accessible Location Along Sierra Avenue / Highway 70, Portola’s Primary Thoroughfare and Retail Corridor
  • Property Qualifies for 40% Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Average Household Income Exceeds $88,000 within a 5-Mile Radius

OVERVIEW

7-Eleven Inc. is a Japanese-American international chain of convenience stores, headquartered in Dallas, Texas. 7-Eleven operates, franchises, and/or licenses more than 14,000 stores in the U.S. and Canada and 78,000 stores worldwide under the brands 7-Eleven, Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits. Portola is a city in and the county seat of Plumas County, California. Portola is the only incorporated city in Plumas County. Portola is located on the Middle Fork of the Feather River in the Sierra Nevada mountain range. As of the 2020 census, over 2,100 people reside in Portola.

FOR SALE DETAILS

PRICE

$2,564,103 USD

PRICE/SF

$856 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Abs. NNN Corp. Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C2

APN/PARCEL ID

125-243-014-000

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

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