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Auto Service - Gas-Conv

20-Year Corporate Shell Ground Lease

12780 Mariposa Rd, Victorville, CA 92395

Listing Price: $5,364,706

Cap Rate
4.25%
Tenant Name
Shell
Years Remaining On Lease
21.0
Gross SF
5,903
Guarantor
Corporate Guarantee
Rentable SF
5,903
Price/Gross SF
$908.81
Lease Type
Gross Lease
Rent Per Square Feet
$38.62

Investment Overview

The Tashakorian Group of Marcus & Millichap is pleased to present investors with the opportunity to acquire a newly built Shell gas station located at 12870 Mariposa Road in Victorville, a city in California approximately 26 miles north of San Bernardino and 60 miles northeast of Los Angeles. This property includes a gas station, full size state of the art car wash, and convenience store. This gas station is right off of the I-15 freeway and is a hard corner location that features easy access and excellent visibility. This property is in a densely populated residential area with multiple strip malls and the Mall of Victor Valley, the city’s main shopping center with over 100 retail stores, less than a mile away.

Investment Highlights

  • 20 Year NNN Ground Lease with 10% Increases Every 5 Years Offering Includes 3,830 SF Convenience Store & 2,073 SF Car Wash
  • Tenant is Shell Oil – AA- Credit Rating 2, 5-Year Options to Extend
  • 2021 Construction

Exclusively Listed By

  • Ben Tashakorian

    Senior Managing Director Investments

    (858) 373-3176

    Email Ben

    License(s): CA: 01333884

    San Diego

  • Ali Valiahdi

    Associate

    Email Ali

    License(s): CA: 01980677

    San Diego

Auto Service - Gas-Conv

20-Year Corporate Shell Ground Lease

Listing Price: $5,364,706

Cap Rate
4.25%
Tenant Name
Shell
Years Remaining On Lease
21.0
Gross SF
5,903
Guarantor
Corporate Guarantee
Rentable SF
5,903
Price/Gross SF
$908.81
Lease Type
Gross Lease
Rent Per Square Feet
$38.62

Investment Highlights

  • 20 Year NNN Ground Lease with 10% Increases Every 5 Years Offering Includes 3,830 SF Convenience Store & 2,073 SF Car Wash
  • Tenant is Shell Oil – AA- Credit Rating 2, 5-Year Options to Extend
  • 2021 Construction

Investment Overview

The Tashakorian Group of Marcus & Millichap is pleased to present investors with the opportunity to acquire a newly built Shell gas station located at 12870 Mariposa Road in Victorville, a city in California approximately 26 miles north of San Bernardino and 60 miles northeast of Los Angeles. This property includes a gas station, full size state of the art car wash, and convenience store. This gas station is right off of the I-15 freeway and is a hard corner location that features easy access and excellent visibility. This property is in a densely populated residential area with multiple strip malls and the Mall of Victor Valley, the city’s main shopping center with over 100 retail stores, less than a mile away.

Exclusively Listed By

  • Ben Tashakorian

    Senior Managing Director Investments

    (858) 373-3176

    Email Ben

    License(s): CA: 01333884

    San Diego

  • Ali Valiahdi

    Associate

    Email Ali

    License(s): CA: 01980677

    San Diego

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