601 Carolyn Weston - Convenience Store FOR SALE


Stockton, CA 95206
$4,200,000 USD
310-766-5205
601 Carolyn Weston, Stockton, CA for Sale
$4,200,000 USD
Convenience Store - FOR SALE
1/8
null | 5% Cap Rate

601 Carolyn Weston
Stockton, CA 95206


HIGHLIGHTS

  • 15 Year NNN Lease - Zero Landlord Obligations - Corporate Guarantee
  • Fee Simple Investment Offering - Investment Grade Credit Rating
  • 10% Increases Every 5 Years
  • Four (4) 5-Year Options
  • Low In Place Rent of $210,000 Annually
  • Building Qualifies for 60% Bonus Depreciation

OVERVIEW

Beta Agency is pleased to offer exclusively for sale the 7-Eleven gas station and C-store located at 601 Carolyn Weston Blvd. in Stockton, CA (Marketplace at Weston Ranch). The 15-year lease is guaranteed by 7-Eleven, Inc. (Corporate) which has an investment grade credit rating of “A”. There are four (4) 5-year options with 10% rental increases throughout the base term and option periods. The property was developed in 2022 leaving 13.5 years on the primary term of the lease. The subject property is located on a 0.88 Acre lot. There are 5 pumps and 10 fueling positions on theproperty. The property has a total of 14 dedicated parking spaces. The subject 7-Eleven is part of a larger retail development with neighboring retailers including Chipotle, McDonald’s, Starbucks, Quick Quack Car Wash and a 120 Unit Townhome Community planned for development in the rear. The subject property benefits from being within immediate proximity to the 5 Freeway on/offramp at Carolyn Weston Blvd. To the West of the 5 Freeway, this center aside from the Food 4 Less across the street is the only commercial/retail in the neighborhood (Weston Ranch).

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$1,373 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - 15 Year NNN Lease - Fee Simple

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

F1

APN/PARCEL ID

164-220-19

ASK ABOUT THIS PROPERTY

Adam FriedlanderBeta AgencyMore Info
310-766-5205

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Adam FriedlanderBeta AgencyMore Info
310-766-5205

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