109 Main StBig Pine, CA 93513
- Grocery and convenience stores
- 4,308 SF
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
- 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.
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
Comparable in this City
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