Auto Service - Gas-Conv

7-Eleven with Gas Station | Fresno, CA | 15 Year NNN Ground Lease | Hard Corner Location

4202 E Kings Canyon Rd, Fresno, CA 93702

Listing Price: $4,675,530

Cap Rate
4.25%
Tenant Name
7-Eleven
Years Remaining On Lease
15.6
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,553.33
Lease Type
NNN Ground Lease
Rent Per Square Feet
$66.02

Investment Overview

Fresno is a city in and the county seat of Fresno County, California, United States. It covers about 112 square miles in the center of the San Joaquin Valley, the southern portion of California's Central Valley. Named for the abundant ash trees lining the San Joaquin River, Fresno was founded in 1872 as a railway station of the Central Pacific Railroad before it was incorporated in 1885. The city has since become an economic hub of Fresno County and the San Joaquin Valley, with much of the surrounding areas in the Metropolitan Fresno region predominantly tied to large-scale agricultural production. The population of Fresno grew from 134,000 in 1960 to 428,000 in 2000. With a census-estimated 2020 population of 542,012, Fresno is the fifth-most populous city in California, the most populous inland city in California, and the 34th-most populous city in the nation. Fresno is near the geographical center of California. It lies approximately 220 miles north of Los Angeles, 170 miles south of the state capital, Sacramento, and 185 miles southeast of San Francisco. Yosemite National Park is about 60 miles to the north, Kings Canyon National Park is 60 miles to the east, and Sequoia National Park is 75 miles to the southeast.

Investment Highlights

  • 15 Year NNN Ground Lease with Potential Depreciation Benefits Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 Construction with Gas Station.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Combined Daily Traffic Counts Exceeding 34k Vehicles.
  • Ranked #159 on Fortune 500 List. S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $63.74 Billion.
  • Adjacent to The Big Fresno Fairgrounds - The Fifth-Largest Fair in the State. It Hosts more than 250 Annual Events such as Conventions, Trade Shows and Banquets (1.5 Million Annual Visitors).
  • Near Numerous National Retailers including a Walmart Supercenter, The Home Depot, CVS Pharmacy, WinCo Foods, Foods Co, Walgreens, ROSS and many more.
  • Densely Populated Area: Features more than 315k People Residing within a 5-Mile Radius.
  • Walking Distance from Roosevelt High School, with a Total Enrollment of more than 2,180 Students, near Sunnyside High School (1,990+ Students) & Fresno Pacific University (4,265+ Students).
  • In Close Proximity to Community Regional Medical Center - A 685-Bed Regional Hospital. The Medical Center also Partners with UCSF - One of the World's Top Three Medical Schools.

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven with Gas Station | Fresno, CA | 15 Year NNN Ground Lease | Hard Corner Location

Listing Price: $4,675,530

Cap Rate
4.25%
Tenant Name
7-Eleven
Years Remaining On Lease
15.6
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,553.33
Lease Type
NNN Ground Lease
Rent Per Square Feet
$66.02

Investment Highlights

  • 15 Year NNN Ground Lease with Potential Depreciation Benefits Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2021 Construction with Gas Station.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Combined Daily Traffic Counts Exceeding 34k Vehicles.
  • Ranked #159 on Fortune 500 List. S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $63.74 Billion.
  • Adjacent to The Big Fresno Fairgrounds - The Fifth-Largest Fair in the State. It Hosts more than 250 Annual Events such as Conventions, Trade Shows and Banquets (1.5 Million Annual Visitors).
  • Near Numerous National Retailers including a Walmart Supercenter, The Home Depot, CVS Pharmacy, WinCo Foods, Foods Co, Walgreens, ROSS and many more.
  • Densely Populated Area: Features more than 315k People Residing within a 5-Mile Radius.
  • Walking Distance from Roosevelt High School, with a Total Enrollment of more than 2,180 Students, near Sunnyside High School (1,990+ Students) & Fresno Pacific University (4,265+ Students).
  • In Close Proximity to Community Regional Medical Center - A 685-Bed Regional Hospital. The Medical Center also Partners with UCSF - One of the World's Top Three Medical Schools.

Investment Overview

Fresno is a city in and the county seat of Fresno County, California, United States. It covers about 112 square miles in the center of the San Joaquin Valley, the southern portion of California's Central Valley. Named for the abundant ash trees lining the San Joaquin River, Fresno was founded in 1872 as a railway station of the Central Pacific Railroad before it was incorporated in 1885. The city has since become an economic hub of Fresno County and the San Joaquin Valley, with much of the surrounding areas in the Metropolitan Fresno region predominantly tied to large-scale agricultural production. The population of Fresno grew from 134,000 in 1960 to 428,000 in 2000. With a census-estimated 2020 population of 542,012, Fresno is the fifth-most populous city in California, the most populous inland city in California, and the 34th-most populous city in the nation. Fresno is near the geographical center of California. It lies approximately 220 miles north of Los Angeles, 170 miles south of the state capital, Sacramento, and 185 miles southeast of San Francisco. Yosemite National Park is about 60 miles to the north, Kings Canyon National Park is 60 miles to the east, and Sequoia National Park is 75 miles to the southeast.

Exclusively Listed By

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