109 Main StBig Pine, CA 93513

  • Retail properties
  • 4,308 SF
For Sale
$2,962,963 View listing

Property Details for 109 Main St

Year built
1996
Construction
WOOD
Lot size
1.61 AC
Property size (Sq ft)
4,308 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
004-032-01-00
APU
40320100

Description

This exceptional investment opportunity presents a 5,737 square foot Shell gas station and convenience store in Big Pine, California. The property boasts a 20-year absolute NNN lease, commencing July 1, 2023, and expiring June 30, 2043, with a remaining term of 18.6 years. The lease includes annual rent increases, ensuring consistent passive income and eliminating landlord responsibilities. The property features 15 fuel pumps (8 MPDs), a convenience store, four service bays, showers, propane refill, a truck scale, and ample parking for cars, RVs, and trucks. Situated on a 1.61-acre lot at 109 S Main St, Big Pine, CA 93513 (APN: 004-032-01-00), this location benefits from its position on US Route 395, a major thoroughfare connecting Southern California to Mammoth Lakes and Yosemite National Park. The high tourist traffic in the area, including proximity to Mammoth Mountain and Yosemite, contributes to strong sales. The asking price is $2,962,963, representing a price per square foot of $516.47 and a 6.75% cap rate. The property's Net Operating Income (NOI) is $200,000, and the occupancy is 100%. A 3-bedroom, 2-bathroom, 1,728 square foot single-family residence is also included on the property. This turnkey investment offers significant potential for long-term returns.

109 Main St, Big Pine, California

Location Insight

City
Big Pine
County
Inyo
State
California
Latitude
37.1656
Longitude
-118.29
CBSA code
13860
CBSA name
BISHOP, CA MICROPOLITAN 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
2023
$17,862
$422,572
$1,229,872
$1,652,444
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