100 Clarendon RdPacifica, CA 94044

  • Retail properties
  • 2,400 SF
For Sale
$2,912,000 View listing

Property Details for 100 Clarendon Rd

Year built
1968
Lot size
0.25 AC
Property size (Sq ft)
2,400 SF
Zone code
CL00C1
Property type
Retail properties
Property subtype
Retail space
APN
016-400-280
APU
16400280

Description

This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store located at 100 Clarendon Rd, Pacifica, CA 94044, within the San Francisco MSA. Boasting a remarkable 57-year operating history since 1968, this property represents one of California's original 7-Eleven locations. The current absolute NNN lease with a corporate guarantee features a remaining term of approximately 11.6 years, extending to June 30, 2036, with built-in 3 and 5-year renewal options. The 2,400 square foot building sits on a 0.25-acre lot and generates a strong NOI of $148,500, resulting in a compelling 5.10% cap rate. The asking price is $2,912,000. Situated in a desirable area of Pacifica, a safe and popular tourist destination, the 7-Eleven benefits from high foot traffic due to its proximity to residential areas, Sharp Park State Beach, and the Pacifica Municipal Pier. The surrounding area includes homes, condos, and apartments, many used as short-term rentals, ensuring consistent customer traffic. This strategically located property is just 15 miles from downtown San Francisco and 9 miles from San Francisco International Airport, serving both local residents and tourists. The average household income within a 3-mile radius is nearly $180,000, indicating a strong and affluent customer base. This is a rare opportunity to acquire a well-established, high-performing 7-Eleven in a prime location with significant long-term growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,493,398
    6.5%
    $2,301,598
    7%
    $2,137,198
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,032,305
    Geo Method
    $1,686,848
  • Alternative Use

    Use
    Valuation
    Residential
    $1,941,484
    Hospitality
    $1,778,389
    Educational
    $1,479,598
    Medical
    $1,530,484
    Retail
    $2,301,598
100 Clarendon Rd, Pacifica, California

Location Insight

City
Pacifica
County
San Mateo
State
California
Latitude
37.6297
Longitude
-122.491
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$24,420
$964,450
$1,012,309
$1,976,759
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