50200 Cesar Chavez StCoachella, CA 92236

Property Details for 50200 Cesar Chavez St

Year built

2024

Lot size

1.26 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 4,625 square foot Circle K convenience store and gas station in Coachella, CA. The property sits on a 1.26-acre lot and boasts a new 15-year absolute NNN ground lease commencing February 1, 2025, and expiring January 31, 2040, with a remaining term of 15.2 years. The lease includes rent bumps of 10% every five years, ensuring consistent income growth. The property's strong NOI of $185,000 yields a 4.50% cap rate at an asking price of $4,111,000. The tenant, Circle K, is a subsidiary of Alimentation Couche-Tard, a globally recognized company with an investment-grade rating (S&P: BBB+). This location benefits from its high-traffic position at a signalized intersection with 33,000 cars per day, and its strategic placement within a shopping center anchored by national brands such as ALDI, McDonald's, Panda Express, Starbucks, Taco Bell, and Walgreens. The property's location in Coachella, a high-growth area with significant tourism, further enhances its investment appeal. The Coachella Valley's robust population and numerous major events, including the Coachella Valley Music & Arts Festival and Stagecoach, contribute to a consistently strong consumer base. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The property's APN is 778-020-010. Lease options include three 5-year and one 4-year, 11-month extensions, each with a 10% rent increase. The year built is 2024.

Location Insight

City

Coachella

County

Riverside

State

California

Latitude

33.6828

Longitude

-116.182

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