3240 E Bidwell St - Convenience Store FOR SALE
Folsom, CA 95630 |
3240 E Bidwell St
Folsom, CA 95630
HIGHLIGHTS
- New 20-year absolute NNN ground lease with 10% rental increases every five years
- Two (2) option periods of five (5) years each and a third option period of 4 years and 11 months, providing a passive long-term income generator
- Guaranteed by investment-grade tenant Chevron U.S.A. Inc., rated “AA-“ by Standard & Poors
- Chevron Corporation (NYSE: “CVX”) is one of the largest companies in the world and the second largest oil company based in the US by revenue
- Chevron ranked 10th on the Fortune 500 in 2023
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Service Station
TOTAL BUILDING SIZE
4000
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
072-4150-004
