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Auto Service - Gas-Conv

Corporate Circle K w/ Gas Station | NorCal | Absolute Net Lease | Accelerated Depreciation

1600 W Main St, Turlock (Central California), CA 95380

Listing Price: $2,040,000

Cap Rate
5.00%
Tenant Name
Circle K
Years Remaining On Lease
7.2
Gross SF
2,680
Guarantor
Corporate Guarantee
Rentable SF
2,680
Price/Gross SF
$761.19
Lease Type
Absolute Net
Rent Per Square Feet
$38.06

Investment Overview

Turlock is a city in Stanislaus County, California. Its estimated 2019 population of 73,631 made it the second-largest city in Stanislaus County after Modesto. Foster Farms, Emanuel Medical Center, and Turlock Unified School District are the largest employers in Turlock. MedicAlert, a non-profit, charitable, and membership-based organization for 24/7 medical response information, has been based in Turlock since its founding in 1956. La Perla Tapatía Supermarkets is headquartered in Turlock. Stanislaus County is a county in California's San Joaquin Valley. As of the 2020 census, the population was 552,878. Stanislaus County makes up the Modesto Metropolitan Statistical Area. The county is located just east of the San Francisco Bay Area and serves as a bedroom community for those who work in the eastern part of the Bay Area. Agriculture is Stanislaus County's number one industry, with almonds being the primary agricultural product.

Investment Highlights

  • Corporate Backed Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases at Each Option. 20+ Year Historical Occupancy and Recent 5 Year Lease Extension.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner to Daily Combined Traffic Counts Exceeding 25k Vehicles.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Couche-Tard, the Parent Company is one of the World's-Leading Convenience Store Operators w/ an Annual Revenue of $45.7B+. Currently Ranked #191 on the Fortune Global 500. S&P Investment Grade Credit Rating of "BBB".
  • Minutes from California State University Stanislaus - a Public University and part of the California State University System with more than 10k Students Currently Enrolled.
  • Densely Populated and Affluent Area: Features an Average Household Income of $82k+ and over 88k People Residing within a 5-Mile Radius.
  • A Short Drive from Monte Vista Crossings - A Shopping Center Anchored by Target, Dick's Sporting Goods, Ross Dress for Less, T.J.Maxx, Joann Fabrics and Lowe's.
  • In Close Proximity to Numerous National Retailers including Walmart, Food Maxx, Smart & Final Extra!, Grocery Outlet, Tractor Supply, Dollar Tree, Planet Fitness and many more. Turlock is One of the Fastest Growing Cities in all of California. The City has grown 29.2% since 2000, Based on the latest 2020 Data from the United States Census.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

Auto Service - Gas-Conv

Corporate Circle K w/ Gas Station | NorCal | Absolute Net Lease | Accelerated Depreciation

Listing Price: $2,040,000

Cap Rate
5.00%
Tenant Name
Circle K
Years Remaining On Lease
7.2
Gross SF
2,680
Guarantor
Corporate Guarantee
Rentable SF
2,680
Price/Gross SF
$761.19
Lease Type
Absolute Net
Rent Per Square Feet
$38.06

Investment Highlights

  • Corporate Backed Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases at Each Option. 20+ Year Historical Occupancy and Recent 5 Year Lease Extension.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner to Daily Combined Traffic Counts Exceeding 25k Vehicles.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
  • Couche-Tard, the Parent Company is one of the World's-Leading Convenience Store Operators w/ an Annual Revenue of $45.7B+. Currently Ranked #191 on the Fortune Global 500. S&P Investment Grade Credit Rating of "BBB".
  • Minutes from California State University Stanislaus - a Public University and part of the California State University System with more than 10k Students Currently Enrolled.
  • Densely Populated and Affluent Area: Features an Average Household Income of $82k+ and over 88k People Residing within a 5-Mile Radius.
  • A Short Drive from Monte Vista Crossings - A Shopping Center Anchored by Target, Dick's Sporting Goods, Ross Dress for Less, T.J.Maxx, Joann Fabrics and Lowe's.
  • In Close Proximity to Numerous National Retailers including Walmart, Food Maxx, Smart & Final Extra!, Grocery Outlet, Tractor Supply, Dollar Tree, Planet Fitness and many more. Turlock is One of the Fastest Growing Cities in all of California. The City has grown 29.2% since 2000, Based on the latest 2020 Data from the United States Census.

Investment Overview

Turlock is a city in Stanislaus County, California. Its estimated 2019 population of 73,631 made it the second-largest city in Stanislaus County after Modesto. Foster Farms, Emanuel Medical Center, and Turlock Unified School District are the largest employers in Turlock. MedicAlert, a non-profit, charitable, and membership-based organization for 24/7 medical response information, has been based in Turlock since its founding in 1956. La Perla Tapatía Supermarkets is headquartered in Turlock. Stanislaus County is a county in California's San Joaquin Valley. As of the 2020 census, the population was 552,878. Stanislaus County makes up the Modesto Metropolitan Statistical Area. The county is located just east of the San Francisco Bay Area and serves as a bedroom community for those who work in the eastern part of the Bay Area. Agriculture is Stanislaus County's number one industry, with almonds being the primary agricultural product.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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