For Sale
$6,363,709

10067 Pleasant Valley RdPenn Valley, CA 95946

High-yield, long-term 7-Eleven investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 4,411 square foot, absolute NNN leased 7-Eleven convenience store and gas station located at 10067 Pleasant Valley Rd, Penn Valley, CA 95946. The property boasts a prime, signalized, hard-corner location at the intersection of Pleasant Valley Rd and Commercial Ave, enjoying exceptional visibility with a daily traffic count of 11,843 vehicles. Its strategic placement near the CA-20 & Pleasant Valley Rd exit (13,366 VPD) further enhances accessibility. The lease, with 7-Eleven (A-rated credit by Standard & Poor's), features a remaining term of approximately 11.5 years, extending to May 11, 2036, and includes three, five-year renewal options. The property offers a strong 5.50% cap rate and a substantial net operating income (NOI) of $350,004, with an asking price of $6,363,709 ($1,442.69/sq ft). The lease includes 7.5% rent increases every five years, providing a hedge against inflation. This is a truly passive investment opportunity with zero landlord obligations, offering significant long-term value and potential for accelerated depreciation benefits (consult your CPA). The tenant's strong credit rating and long-term lease provide exceptional security and stability for investors.

Property Details for 10067 Pleasant Valley Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,411 SF

Location Insight

City
Penn Valley
County
Nevada
State
California
Latitude
39.2063108
Longitude
-121.2045912
10067 Pleasant Valley Rd, Penn Valley, California

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10067 Pleasant Valley Rd
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