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.