1488 6th St - Service Station FOR SALE


Norco, CA 92860- Norco Farms
$4,260,870 USD
703-477-1315
1488 6th St, Norco, CA for Sale
$4,260,870 USD
Service Station - FOR SALE
1/14
null | 5.75% Cap Rate

1488 6th St
Norco, CA 92860
Norco Farms


HIGHLIGHTS

  • Absolute NNN Lease with Increases
  • High Barriers to Entry
  • Long-Term Operating History
  • Intrinsic Underlying Value
  • Riverside-San Bernardino-Ontario, CA MSA Advantage

OVERVIEW

CBRE is pleased to offer for sale the 2,301-square-foot United Pacific gas station and convenience store positioned on 0.43 acres in Norco, California — part of the Riverside MSA. The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options. Business is not for sale

FOR SALE DETAILS

PRICE

$4,260,870 USD

PRICE/SF

$1,852 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Norco, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C4

APN/PARCEL ID

131-200-029

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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