For Sale
$1,545,000

8048 Ca-12Wallace, CA 95252

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 2,986 square foot 7-Eleven convenience store and gas station located at 8048 CA-12, Valley Springs, CA 95252. The property sits on a 0.86-acre lot and includes 8 gas pumps and 16 parking spaces. Built in 1970, the building is zoned C-2: General Commercial and boasts 100% occupancy under a corporate-guaranteed Net Lease (NNN) agreement. The current lease, with a remaining term of 11.5 years, extends to May 12, 2036, and includes three 5-year renewal options. Rent increases of 7.50% every 5 years throughout the initial term and options provide built-in inflation protection and growing net operating income (NOI). The property's NOI is $84,996, resulting in a 5.50% cap rate and a price per square foot of $517.41. The asking price is $1,545,000. This strategically located 7-Eleven enjoys high visibility along Highway 12, a major commuter route connecting the southern Sacramento MSA to Interstate 5. The property benefits from a strong local demographic, with over 4,300 residents and 780 daytime employees within a 5-mile radius, and boasts an affluent average household income. Furthermore, it's the only gas station within a 5+ mile radius, ensuring a significant consumer draw and minimal competition. The APN is 048-019-068-000.

Highlights

  • $1,545,000 asking price for a fee-simple interest in a 7-Eleven retail property.
  • NNN lease with corporate guarantee from a highly-rated tenant (S&P: A).
  • 11.5 years remaining on the lease, plus three 5-year options with 7.5% rent increases every 5 years.
  • 2,986 square feet building on a 0.86-acre lot with 16 parking spaces and 8 gas pumps.
  • 5.50% cap rate with a $84,996 net operating income (NOI).
  • Located in Valley Springs, CA (Calaveras County), at 8048 CA-12, with C-2 zoning.

Property Details for 8048 Ca-12

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,986 SF
Year Built
1970
Buildings
1
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Wallace
County
Calaveras
State
California
Latitude
38.1956998
Longitude
-120.9789608
8048 Ca-12, Wallace, California

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8048 Ca-12
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