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76 Gas Station 109 S Main St 5,737 SF Retail Building Big Pine, CA 93513 $2,520,000 ($439.25/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Absolute Triple Net (NNN) Sale-Leaseback
- Attractive Annual Rental Increases
- Accelerated Depreciation and Bonus Depreciation
- Lack of Competition
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a 76 located at 109 S Main St, Big Pine, CA. The site consists of roughly 5,737 rentable square feet of building space on an estimated 1-acre parcel of land. This 76 is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $189,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,737 SF
Building Class
C
Year Built
1996
Price
$2,520,000
Price Per SF
$439.25
Cap Rate
7.50%
NOI
$189,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.00 AC
Frontage
120’ on South Main Street
PROPERTY TAXES
| Parcel Number | 004-032-01 | Improvements Assessment | $1,239,098 |
| Land Assessment | $439,643 | Total Assessment | $1,678,741 |
PROPERTY TAXES
Parcel Number
004-032-01
Land Assessment
$439,643
Improvements Assessment
$1,239,098
Total Assessment
$1,678,741
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76 Gas Station | 109 S Main St
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