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LOW RENT 7-Eleven WITH HIGH PERFORMANCE SALES 1104 S Blosser Rd 2,413 SF Retail Building Santa Maria, CA 93458 $1,649,000 ($683.38/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- High-performing 7-Eleven convenience store with a corporate-backed lease. (VERY LOW RENT TO SALES RATIO)
- 24-hour business model, and offerings like beer and wine sales, hot food, lottery, propane, and an ATM enhance revenue potential.
- Strong Traffic & Location Synergy: Right along major highways like the 101. Mix of agricultural, suburban, and light industrial traffic.
- Proximity to Santa Maria High School, with over 2,700 students.
- Absolute NNN investment requires zero landlord responsibilities.
EXECUTIVE SUMMARY
This absolute NNN investment requires zero landlord responsibilities, offering investors a stable, long-term income stream with a corporate guaranteed lease with 7-Eleven.
With a LONG TERM operating history at this site, 7-Eleven recently extended its lease through 2030, underscoring the location’s strength. To add fuel to the fire, the estimated annual sales are $2M+-. At a 5% CAP rate, this deal is an incredible opportunity for someone.
With a LONG TERM operating history at this site, 7-Eleven recently extended its lease through 2030, underscoring the location’s strength. To add fuel to the fire, the estimated annual sales are $2M+-. At a 5% CAP rate, this deal is an incredible opportunity for someone.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,413 SF
Building Class
C
Year Built
1974
Price
$1,649,000
Price Per SF
$683.38
Cap Rate
5%
NOI
$82,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
PD/C-2 - General Commercial
Parking
13 Spaces (5.39 Spaces per 1,000 SF Leased)
Frontage
259’ on South Blosser Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 123-201-041 | Improvements Assessment | $1,282,681 |
| Land Assessment | $503,330 | Total Assessment | $1,786,011 |
PROPERTY TAXES
Parcel Number
123-201-041
Land Assessment
$503,330
Improvements Assessment
$1,282,681
Total Assessment
$1,786,011
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LOW RENT 7-Eleven WITH HIGH PERFORMANCE SALES | 1104 S Blosser Rd
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