401 Grass Valley Hwy - Service Station FOR SALE


Auburn, CA 95603
$3,418,803 USD
602-687-6780
401 Grass Valley Hwy, Auburn, CA for Sale
$3,418,803 USD
Service Station - FOR SALE
1/5
null | 5.85% Cap Rate

401 Grass Valley Hwy
Auburn, CA 95603


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
  • Site Includes a Sierra Express/7-Eleven Convenience Store and 4 Fueling Stations
  • Signalized Hard Corner Location, Visible to 30,500+ Cars per Day Along Grass Valley Highway
  • Property Qualifies for 40% Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Located Right Off the I-80 Freeway (71,000+ Cars per Day), Providing a Direct Route to Sacramento to the Southwest and Lake Tahoe to the Northeast

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. Auburn is a city in and the county seat of Placer County, California, part of the Sacramento metropolitan area. Placer County is one of the fastest-growing areas in the state, contributing to robust long-term local housing demand. Auburn is known for its California Gold Rush history and is registered as a California Historical Landmark. As of the 2020 census, over 13,700 people reside in Auburn.

FOR SALE DETAILS

PRICE

$3,418,803 USD

PRICE/SF

$3,496 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

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C-2

APN/PARCEL ID

001-041-026

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.