8048 Ca-12Wallace, CA 95252

  • Retail properties
  • 2,986 SF
For Sale
$1,545,000 View listing

Property Details for 8048 Ca-12

Year built
1970
Lot size
0.86 AC
Property size (Sq ft)
2,986 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

8048 Ca-12, Wallace, California

Location Insight

City
Wallace
County
Calaveras
State
California
Latitude
38.1957
Longitude
-120.979

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