500 Aurburn Ravine Rd - Convenience Store FOR SALE


Auburn, CA 95603
$1,000,000 USD
650-465-1100
500 Aurburn Ravine Rd, Auburn, CA for Sale
$1,000,000 USD
Convenience Store - FOR SALE
1/2
null | 3.6% Cap Rate

500 Aurburn Ravine Rd
Auburn, CA 95603


HIGHLIGHTS

  • 7-Eleven is the world’s largest convenience store retailer
  • Tremendous credit/corporate guarantee - “A” credit rating by S&P
  • Proximate/visible from Highway 80
  • Favorable percentage rent lease structure
  • Below market rent
  • Long historical occupancy - stable tenancy

OVERVIEW

Newmark, as exclusive agent, is excited to present this single tenant, 7-Eleven, Inc., absolute NNN leased investment located at 500 Auburn Ravine Road, in Auburn, California.? The building was originally built for 7-Eleven, Inc. in +/- 1979 and 7-Eleven reports annual sales with an attractive rent to sales ratio.? The existing lease expires May 31, 2026 and the tenant has two 5-year options to extend the lease.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$526 USD /SF

CAP RATE

3.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,605 SF

ZONING

C1

APN/PARCEL ID

001-020-031

ASK ABOUT THIS PROPERTY

David O'SuchNewmarkMore Info
650-465-1100

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David O'SuchNewmarkMore Info
650-465-1100

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