7-Eleven Absolute NNN Gas Station
4,088 SF | Retail Building | Hemet, CA 92545 | $5,980,000 ($1,463/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,980,000
- Property Type
-
Retail
- Square Feet
- 4,088 SF
- Price / Square Foot
- $1,463
Listing Contacts
Simon Mattox
Verified Profile
- Property Info
Property Overview
Grand Opening - June 2024
Introducing a brand-new 7-Eleven C-Store & Gas Station in the City of Hemet, County of Riverside, California. This highly depreciable asset allows you to take advantage of accelerated depreciation and cost segregation. With a projected opening in June 2024 an investor can take advantage of potential tax savings for the 2024 tax year.
Featuring a fee simple absolute NNN lease with a new 15-year term, this investment opportunity offers stability and potential for long-term profitability. Located across from one of the top-performing Walmarts in all of California, this property benefits from a prime location and high vehicle traffic.
The subject property is strategically located at the signalized hard corner intersection of the SEC at South Sanderson and W Stetson Ave which has a daily vehicle count exceeding 55,000 cars per day.
The asset is being constructed along a vibrant retail area with neighboring tenants including: Super Walmart, Walgreens, US Bank, Starbucks, Dollar Tree, Hibbett Sports and Buffalo Wild Wings.
The 7-Eleven brand is recognized worldwide and has a proven track record of success, with annual sales exceeding $100 million. This property presents a unique chance to invest in a well-established, profitable business with a strong tenant.
Introducing a brand-new 7-Eleven C-Store & Gas Station in the City of Hemet, County of Riverside, California. This highly depreciable asset allows you to take advantage of accelerated depreciation and cost segregation. With a projected opening in June 2024 an investor can take advantage of potential tax savings for the 2024 tax year.
Featuring a fee simple absolute NNN lease with a new 15-year term, this investment opportunity offers stability and potential for long-term profitability. Located across from one of the top-performing Walmarts in all of California, this property benefits from a prime location and high vehicle traffic.
The subject property is strategically located at the signalized hard corner intersection of the SEC at South Sanderson and W Stetson Ave which has a daily vehicle count exceeding 55,000 cars per day.
The asset is being constructed along a vibrant retail area with neighboring tenants including: Super Walmart, Walgreens, US Bank, Starbucks, Dollar Tree, Hibbett Sports and Buffalo Wild Wings.
The 7-Eleven brand is recognized worldwide and has a proven track record of success, with annual sales exceeding $100 million. This property presents a unique chance to invest in a well-established, profitable business with a strong tenant.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Service
- Lot Size (sq. ft)
- 37,462 SF
Highlights
- Brand new corporate lease with fifteen (15) years remaining = long term secured cash flow
- Absolute NNN Lease structure calls for ZERO landlord responsibilities
- Projected June 2024 Site Opening
- ±55,300 Vehicles Per Day
- Across From One Of The Top Performing Walmarts In All Of California
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