6422 Betty Dr - Convenience Store FOR SALE


Visalia, CA 93291
$6,250,000 USD
512-630-9758
6422 Betty Dr, Visalia, CA for Sale
$6,250,000 USD
Convenience Store - FOR SALE
1/4
null | 6% Cap Rate

6422 Betty Dr
Visalia, CA 93291


HIGHLIGHTS

  • Implied Credit: Fortress Investment Group & Phillips 66
  • 20-Year Base Lease Term
  • Qualifies for Bonus Depreciation
  • Absolute NNN Lease
  • 7.50% Rent Bumps Every 5-Years
  • 62,000+ Vehicles Per Day Traffic Counts!

OVERVIEW

Embree Capital Markets Group is pleased to offer for sale to qualified investors a unique freestanding Rocket/76 (United Pacific) gas station, convenience store, and car wash. This is an opportunity for an investor to acquire a well-located gas station in a desirable California geography. The subject property is scheduled to be completed in September of 2021 and will contain a 20-year absolute NNN lease featuring 7.50% rental increases every 5-years upon its completion. The subject property includes a 1,148 Sq. Ft. car wash attached to the 3,204 Sq. Ft. convenience store and a total of 12 fuel pumps (4 semi-truck diesel pumps & 8 standard gas pumps). *Subject Location Qualifies for Bonus Depreciation

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$1,951 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

-

APN/PARCEL ID

075-340-023-000

ASK ABOUT THIS PROPERTY

Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

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Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

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