18463 Road 23 - Service Station FOR SALE


Madera, CA 93637
$3,964,904 USD
703-477-1315
18463 Road 23, Madera, CA for Sale
$3,964,904 USD
Service Station - FOR SALE
1/8
null | 5.75% Cap Rate

18463 Road 23
Madera, CA 93637


HIGHLIGHTS

  • Irreplaceable location with high barriers to entry for new gas competitors.
  • Operating history of 7 years.
  • Infill location with strong underlying intrinsic value.

OVERVIEW

CBRE is pleased to offer for sale the 6,241 SF United Pacific fuel and convenience store located on 4.95 acres in Fresno, CA - a component of the Fresno, CA MSA. The site features ±14.0 years remaining with a 7.50% rent increase in 2029, 2034 and in each of the three renewal options (two 5-year options, then one 4-year, 10-month option). BUSINESS IS NOT FOR SALE

FOR SALE DETAILS

PRICE

$3,964,904 USD

PRICE/SF

$661 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: Madera, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

4.95 AC

LAND SF

215,622 SF

ZONING

C-2

APN/PARCEL ID

029-260-062

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 Policy.