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Auto Service - Gas-Conv

20-Year NNN Ground Leased Corporate Shell Station

27875 Encanto Dr, Menifee, CA 92586

Listing Price: $4,200,000

Cap Rate
4.52%
Tenant Name
Shell
Years Remaining On Lease
19.9
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$1,312.50
Lease Type
Absolute Net
Rent Per Square Feet
$59.38

Investment Overview

Corporate Leased Shell Gas Station and C-Store, Located on the NE Corner of I-215 and McCall Blvd. Brand New Construction - Station Opened 12/1/2024.

20 Year Absolute Net Ground Lease, 10% Increases Every 5 Years with 74,880 VPD.

Investment Highlights

  • Absolute Net Leased, 20-Year Ground Leased Gas Station
  • Corporate Store - Guaranteed by Shell Oil
  • 10% Increases Every 5 Years - Includes 2, 5-Year Option Terms

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

20-Year NNN Ground Leased Corporate Shell Station

Listing Price: $4,200,000

Cap Rate
4.52%
Tenant Name
Shell
Years Remaining On Lease
19.9
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$1,312.50
Lease Type
Absolute Net
Rent Per Square Feet
$59.38

Investment Highlights

  • Absolute Net Leased, 20-Year Ground Leased Gas Station
  • Corporate Store - Guaranteed by Shell Oil
  • 10% Increases Every 5 Years - Includes 2, 5-Year Option Terms

Investment Overview

Corporate Leased Shell Gas Station and C-Store, Located on the NE Corner of I-215 and McCall Blvd. Brand New Construction - Station Opened 12/1/2024. 20 Year Absolute Net Ground Lease, 10% Increases Every 5 Years with 74,880 VPD.

Exclusively Listed By

Financing By

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