For Sale
$6,000,000

3401 College BlvdOceanside, CA 92056

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,720-square-foot convenience store and gas station in Oceanside, CA. Located at 3401 College Blvd, 92056, this single-tenant property boasts a 100% occupancy rate under a strong, established tenant, CF United LLC, operating under the United Pacific brand. The property features six gas pumps and ample parking (10 spaces) on a 0.68-acre lot. The absolute NNN lease, with a remaining term of approximately 9.6 years, expires June 29, 2034, and includes three 5-year options with a 7.50% rent increase in July 2029 and in each option period. The asking price is $6,000,000, representing a compelling $2,205.88 per square foot and a 5.00% cap rate based on a Net Operating Income (NOI) of $300,000. Built in 1974, this single-story building offers fee simple ownership, providing potential bonus depreciation benefits. The property benefits from its location in a high-traffic area within San Diego County, serving a substantial population with high average household income. The tenant, CF United LLC, operates 511 retail gas stations across multiple states, demonstrating financial stability and operational expertise. This is a rare opportunity to acquire a well-established, high-performing convenience store and gas station with significant long-term growth potential. The business itself is not for sale

Property Details for 3401 College Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,720 SF
Year Built
1974
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
1

Location Insight

City
Oceanside
County
San Diego
State
California
Latitude
33.181438467202
Longitude
-117.29670677234
3401 College Blvd, Oceanside, California

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3401 College Blvd
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