400 S Auburn St - Service Station FOR SALE


Colfax, CA 95713
$5,000,000 USD
480-221-4221
400 S Auburn St, Colfax, CA for Sale
$5,000,000 USD
Service Station - FOR SALE
1/8
null | 5.5% Cap Rate

400 S Auburn St
Colfax, CA 95713


HIGHLIGHTS

  • 12+ Years Remaining | Scheduled Rental Increases | NNN Leased | Corporate Lease (S&P: A) | Established Brand | Bonus Depreciation
  • Located Along Auburn Street | Centralized Location | Strong National & Regional Tenants
  • Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment-grade (S&P: A), freestanding, 7-Eleven investment property located in Colfax, CA (Sacramento MSA). The tenant has over 12 years of firm term remaining with 3 (5-year) option periods to extend. The lease features 7.50% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A) and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The offering features a freestanding 7-Eleven asset with 8 fueling stations. 7-Eleven is a well-recognized and established brand that franchises and/or licenses more than 78,000 stores worldwide.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$2,330 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 12.5+ Yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

CH

APN/PARCEL ID

006-144-001,100-240-024-000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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