2099 Fulkerth Rd - Convenience Store FOR SALE


Turlock, CA 95380- Chemurgic
$8,421,000 USD
480-221-4221
2099 Fulkerth Rd, Turlock, CA for Sale
$8,421,000 USD
Convenience Store - FOR SALE
1/10
null | 4.75% Cap Rate

2099 Fulkerth Rd
Turlock, CA 95380
Chemurgic


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Signed | Investment Grade (S&P: A-) | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Directly Across From Walmart | Dense Retail Corridor | Surrounded by National Credit Tenants
  • Signalized Hard Corner Location | Combined 33,400 VPD |Highway 99 (115,900 VPD) | Morning-Side Commuter Traffic
  • Strong Central Valley Demographics | Affluent 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 7-Eleven investment property located in Turlock, California. The tenant, 7-Eleven, Inc (S&P: A-) recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$8,421,000 USD

PRICE/SF

$1,811 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CC

APN/PARCEL ID

088-30-05

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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