About This Restaurant
Investment Highlights
Long-Term Investment with nearly 13 years remaining on the lease Top-rated guarantor: 7-Eleven, boasting an A-rated credit by Standard and Poor's, stronger than most national retail tenants. Conveniently located next to CA-20 & Pleasant Valley Rd exit which accommodates 13,366 VPD Zero Landlord Obligations Prime, signalized, hard-corner location with excellent visibility at Pleasant Valley Rd & Commercial Ave with 11,843 VPD Potential for accelerated depreciation benefits, consult your CPA for confirmation
Executive Summary
This property presents a compelling long-term investment opportunity, withjust under 13 years left on the absolute NNN lease. It features a top-ratedguarantor in the form of 7-Eleven, holding an A-rated credit by Standard andPoor's, surpassing the financial strength of most national retail tenants.Situated at a prime signalized, hard-corner location at Pleasant Valley Rd &Commercial Ave, the property boasts exceptional visibility, with a traffic countof 11,843 vehicles. Additionally, it offers convenient access, being locatednext to the CA-20 & Pleasant Valley Rd exit which accommodates 13,366vehicles per day.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Service Station
- Building Size 4,411
- Building Class C
- Year Built 1993
- Price 6,363,709
- Price Per SF 1,443
- Cap Rate 5.50
- NOI 350,004
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.50 AC
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 051-290-060-000 | Improvements Assessment | $693,091 |
| Land Assessment | $1,434,718 | Total Assessment | $2,127,809 |
| Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
| Address: | 10067-10069 Commercial Ave , Penn Valley, California, 95946 | ||