For Sale
$4,181,818

26730 Mccall BlvdMenifee, CA 92586

Net Lease Investment, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,792 square foot convenience store in Sun City, CA, boasting a strong 5.50% cap rate and a substantial NOI of $230,000. The property, built in 1986 and situated on a 0.66-acre lot, features 6 gas pumps and ample parking (8 spaces). Currently operating under a single-tenant, absolute NNN lease with United Pacific, a joint venture between subsidiaries of Phillips 66 and Fortress Investment Group, LLC, the lease extends until June 29, 2034, with a remaining term of approximately 9.6 years. The lease includes attractive rent bumps of 7.50% in July 2029 and in each of three 5-year options. This fee-simple ownership offers potential bonus depreciation benefits. The property is strategically located at 26730 McCall Blvd, Menifee, CA 92586, within a high-traffic area, providing excellent visibility and access. The tenant, CF United LLC, operates 511 retail gas stations across multiple states. This well-established business, with an average operating history of approximately 50 years, presents a secure and lucrative investment opportunity with high barriers to entry for competitors. The asking price is $4,181,818, translating to a price per square foot of $2,333.60. The property's location within Riverside County, California, offers significant long-term growth potential. This is a rare chance to acquire a high-performing, established convenience store with a long-term lease and significant upside.

Highlights

  • Strong tenant: United Pacific, a joint venture of Phillips 66 and Fortress Investment Group LLC subsidiaries, with CF United LLC operating 511 stations.
  • Absolute NNN lease with 7.5% rent increases in July 2029 and each 5-year option (3 remaining).
  • High barriers to entry due to irreplaceable location.
  • ~50-year average operating history.
  • Strong underlying value in an infill location.
  • Excellent access and visibility in Riverside County, CA, serving a population of 222,536 with $103,841 average household income within a 3-mile radius.

Property Details for 26730 Mccall Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,792 SF
Year Built
1986
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF
Units
1

Location Insight

City
Menifee
County
Riverside
State
California
Latitude
33.715458522004
Longitude
-117.19391966005
26730 Mccall Blvd, Menifee, California

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26730 Mccall Blvd
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