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Auto Service - Gas-Conv

Quik Stop Gas Station

20757 Lake Chabot Rd, Castro Valley, CA 94546

Listing Price: $1,573,500

Cap Rate
4.00%
Tenant Name
Quik Stop
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
2,100
Lease Type
Absolute Net
Rent Per Square Feet
$29.97

Investment Overview

OVERVIEW15.5 YEARS REMAINING ON ABSOLUTE NNN LEASEThe subject property operates under an Absolute NNN Lease with no landlord management or maintenance responsibilities whatsoever.2.5% ANNUAL RENT INCREASESThe lease offers 2.5% rent increases every year during the original term, offering a yearly hedge against inflation.DIRECT STREET FRONTAGE ALONG INFILL THOROUGHFARE2The subject property is situated at the intersection of two main thoroughfares in Lake Chabot Road and Castro Valley Boulevard. The northeastern intersection of Lake Chabot Road and Castro Valley Boulevard sees traffic counts of roughly 32,000 vehicles per day.CORPORATE LEASE GUARANTEE3The Lease is guaranteed by EG America, a subsidiary of EG Group. EG Group operates approximately 6,000 retail and fuel sites worldwide. The Quik Stop brand has a 45-year operating history at the subject site.AFFLUENT BAY AREA SUBURB, INFILL LOCATION2The three-mile radius surrounding the subject property boasts an average household income of $113,777, a median household income of $92,349 and a population of 189,000.LOCAL BRAND WITH LONG STANDING HISTORY IN AREAThe Quik Stop brand was founded by four men who worked for a small grocery store in the San Francisco Bay Area. The founders had a vision of opening a chain of convenience stores that could be franchised to individuals who would concentrate on business operations and have the paperwork and accounting processed in a central office. The accounting dept would process the bills and generate financial statements for a small fee. Thus Quik Stop Markets, Inc. was founded and the first office opened in Fremont, CA in 1965. The ownership of the company has since transferred to the corporate entity, EG Group, thus bolstering the tenant credit.

Investment Highlights

  • 5.5 Years Remaining on Absolute Net Lease
  • 2.5% Annual Rent Increases
  • Corporate Lease Guarantee
  • Infill Bay Area Location

Exclusively Listed By

Auto Service - Gas-Conv

Quik Stop Gas Station

Listing Price: $1,573,500

Cap Rate
4.00%
Tenant Name
Quik Stop
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
2,100
Lease Type
Absolute Net
Rent Per Square Feet
$29.97

Investment Highlights

  • 5.5 Years Remaining on Absolute Net Lease
  • 2.5% Annual Rent Increases
  • Corporate Lease Guarantee
  • Infill Bay Area Location

Investment Overview

OVERVIEW15.5 YEARS REMAINING ON ABSOLUTE NNN LEASEThe subject property operates under an Absolute NNN Lease with no landlord management or maintenance responsibilities whatsoever.2.5% ANNUAL RENT INCREASESThe lease offers 2.5% rent increases every year during the original term, offering a yearly hedge against inflation.DIRECT STREET FRONTAGE ALONG INFILL THOROUGHFARE2The subject property is situated at the intersection of two main thoroughfares in Lake Chabot Road and Castro Valley Boulevard. The northeastern intersection of Lake Chabot Road and Castro Valley Boulevard sees traffic counts of roughly 32,000 vehicles per day.CORPORATE LEASE GUARANTEE3The Lease is guaranteed by EG America, a subsidiary of EG Group. EG Group operates approximately 6,000 retail and fuel sites worldwide. The Quik Stop brand has a 45-year operating history at the subject site.AFFLUENT BAY AREA SUBURB, INFILL LOCATION2The three-mile radius surrounding the subject property boasts an average household income of $113,777, a median household income of $92,349 and a population of 189,000.LOCAL BRAND WITH LONG STANDING HISTORY IN AREAThe Quik Stop brand was founded by four men who worked for a small grocery store in the San Francisco Bay Area. The founders had a vision of opening a chain of convenience stores that could be franchised to individuals who would concentrate on business operations and have the paperwork and accounting processed in a central office. The accounting dept would process the bills and generate financial statements for a small fee. Thus Quik Stop Markets, Inc. was founded and the first office opened in Fremont, CA in 1965. The ownership of the company has since transferred to the corporate entity, EG Group, thus bolstering the tenant credit.

Exclusively Listed By

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