73943 29 Palms Hwy - Service Station FOR SALE


Twentynine Palms, CA 92277
$1,550,000 USD
214-692-2040
73943 29 Palms Hwy, Twentynine Palms, CA for Sale
$1,550,000 USD
Service Station - FOR SALE
1/3
null | 5.28% Cap Rate

73943 29 Palms Hwy
Twentynine Palms, CA 92277


HIGHLIGHTS

  • Absolute NNN Lease: The property has no landlord obligations with the tenant being responsible for all maintenance, taxes, insurance, etc.
  • Operating History: Circle K has operated at this location since 1972, pointing to their strong performance and commitment to the site.
  • Naked Lease: With no options remaining, the new owner will benefit from being able to negotiate a new lease with Circle K.
  • Growing Population: Twentynine Palms has seen consistent population growth since 2010.
  • Tourism: Located near Joshua Tree National Park, Twentynine Palms sees over 140,000 annual visitors with an average of over $186M in visitor spending.
  • Corner Lot: Located on a corner lot with multiple access points, the property is located in an optimal location for a gas station / convenience store.

OVERVIEW

David Harrington License No. 02168060 (CA) (866) 889-0550 Matthews Real Estate Investment Services, Inc 2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

5.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

0617-231-13

ASK ABOUT THIS PROPERTY

Chase CameronMatthews Real Estate Investment ServicesMore Info
214-692-2040

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Chase CameronMatthews Real Estate Investment ServicesMore Info
214-692-2040

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