1399 N Main St - Convenience Store FOR SALE


Manteca, CA 95336- East Manteca
$1,495,000 USD
209-471-6358
1399 N Main St, Manteca, CA for Sale
$1,495,000 USD
Convenience Store - FOR SALE
1/6
null | 3.91% Cap Rate

1399 N Main St
Manteca, CA 95336
East Manteca


HIGHLIGHTS

  • 7-Eleven, Inc. is rated “A” for its foreign currency long-term credit by S&P Global Ratings, with a stable outlook—signifying strong creditworthiness.
  • Established High-performing 7-Eleven gas station and c-store at a prime signalized intersection.
  • Reported convenience store sales of $1.789 million in 2024, indicating strong in-store performance.
  • Tenant pays 2.5% of gross sales as additional rent during all renewal option periods, providing ongoing income upside beyond base rent.
  • Tenant has been operating at this location since 1977 (according to the 7-Eleven Corporate Property Manager).
  • Currently in the first of three (3) five-year renewal options.

OVERVIEW

This offering presents a rare opportunity to acquire a single-tenant 7-Eleven gas station located at 1399 N. Main Street in the thriving city of Manteca, California. The tenant, 7-Eleven, has occupied the property since 1977 (according to the 7-Eleven Corporate Property Manager) and has shown long-term commitment with a 15-year initial term that just concluded, and is now in the first of three (3) available 5-year renewal options, demonstrating stable tenancy and ongoing interest in the location. The lease includes CPI-based rent escalations at the start of each option term, providing built-in inflation protection. With a long-standing, creditworthy tenants, and a proven operating history, this is a solid passive investment for any investor seeking long-term income stability. Strategically positioned on the high-traffic corridor of N. Main Street, just off California State Route 99, the property benefits from excellent visibility and access. Surrounded by major national retailers such as CVS, Save Mart, Walgreens, Chevron, Jack in the Box, ACE Hardware, and multiple QSRs, the site enjoys strong cross-traffic and consumer draw. The dense residential neighborhoods and growing commercial presence in Manteca contribute to consistently strong foot traffic and fuel sales. This is an irreplaceable infill location in a high-growth Central Valley submarket with a strong demographic profile and minimal direct competition.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$623 USD /SF

CAP RATE

3.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Absolute NNN | Strong C-Store Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

216-330-34

ASK ABOUT THIS PROPERTY

Andy Le, M.B.A. | CCIM CandidateFirst Commercial Real EstateMore Info
209-471-6358

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Andy Le, M.B.A. | CCIM CandidateFirst Commercial Real EstateMore Info
209-471-6358

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