For Sale
$7,400,000

15666 Hellman AveChino, CA 91710

High-growth, 7-Eleven gas station & convenience store.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a brand-new, 5,596 square-foot 7-Eleven gas station and convenience store in Chino, CA. Located at the signalized intersection of Hellman and Limonite Avenues, near a recently completed four-lane bridge, this property benefits from a high-growth trade area that experienced a 113% increase from 2000 to 2010 and is projected to grow by an additional 2.12% by 2029. The property features twelve fuel dispensers and a Laredo Taco, providing multiple revenue streams. The 1.15-acre lot houses a building constructed in 2023, boasting a 15-year NNN lease (14 years remaining) with a highly-rated (S&P A-rated) tenant. The lease includes 10% rent bumps every five years and four additional five-year options with the same increase. The strong demographics of the area, with over 90,000 people within a three-mile radius and average household incomes exceeding $175,000, further enhance the investment potential. The property's NOI is $370,000, resulting in a 5.00% cap rate, and the asking price is $7,400,000. The build-to-suit structure may qualify for bonus depreciation (consult your tax professional). This is a turnkey investment with significant long-term growth potential. The property's APN is 1055-091-14-0000. Lease commencement is August 15, 2023, and expiration is August 14, 2038.

Highlights

  • Investment-grade tenant (S&P A-rated) with a new 15-year corporate lease (14 years remaining).
  • 10% rent increases every five years.
  • Four 5-year lease options with 10% rent increases each.
  • Excellent location at the signalized intersection of Hellman and Limonite Avenues, near a new four-lane bridge.
  • High-growth trade area: 113% growth (2000-2010), projected 2.12% growth by 2029.
  • Dense population (90,000+ within 3 miles) with average household incomes of $175,000.

Property Details for 15666 Hellman Ave

Property type
Retail properties, Grocery and convenience stores
Year Built
2023
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Chino
County
San Bernardino
State
California
Latitude
33.990670892857
Longitude
-117.66215355023
15666 Hellman Ave, Chino, California

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15666 Hellman Ave
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