109 S Main St - Service Station FOR SALE


Big Pine, CA 93513 | 
$2,450,000 USD
602-478-4708
109 S Main St, Big Pine, CA for Sale
$2,450,000 USD
Service Station - FOR SALE
1/3
null | 7.15% Cap Rate

109 S Main St
Big Pine, CA 93513


HIGHLIGHTS

  • Long - Term Absolute Triple Net (NNN) Sale - Leaseback
  • Accelerated Depreciation and Bonus Depreciation
  • Attractive Annual Rental Increases
  • Lack of Competition

OVERVIEW

Surmount is pleased to present the exclusive listing for a 76 Gas Station located at 109 South Main Street, Big Pine, CA 93513. The site consists of roughly 5,737 rentable square feet of building space on an estimated 1-acre parcel of land. 76 Gas Station is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $175,175 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$427 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

76 Gas Station

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

004-032-01

ASK ABOUT THIS PROPERTY

Joseph KellySurmountMore Info
602-478-4708

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Joseph KellySurmountMore Info
602-478-4708

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.