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Quik Stop NNN Gas Station | 8+ Years Remains 1301 E Service Rd 2,820 SF 100% Leased Retail Building Ceres, CA 95307 $1,995,000 ($707.45/SF) 5.75% Cap Rate
Investment Highlights
- Current 5.75% Cap Rate – Based on the asking price of $1,995,000 and current NOI.
- Single-Tenant NNN Investment – Quik Stop Markets, Inc. operates under a NNN lease structure, offering investors a passive ownership profile.
- Established Operating History – The site has long-term Quik Stop tenancy and original ownership history, supporting continuity at the location.
- Scheduled Rent Growth – Lease includes future rental increases, with current annual rent of $114,720 and projected growth through future option period
- 8+ Years of Lease Control – Tenant has control through April 30, 2035, with additional renewal options extending through 2060.
- Service Road & Morgan Road Corner Location – The property is positioned at a visible corner in Ceres, within the Modesto MSA and Central Valley trade.
Executive Summary
The Property is located at 1301 Service Rd in Ceres, California, within the Modesto MSA and Central Valley trade area. Positioned at the Service Road and Morgan Road intersection, the site serves a mix of local neighborhood traffic, commuter movement, and daily-needs customers. The location benefits from its established Ceres setting, surrounding residential demand, and regional access within Stanislaus County’s broader commercial corridor.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Four gentlemen who worked for a small grocery store in the San Francisco bay area 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. Today, Quik Stop is owned by EG Group and operated by EG America out of Westborough, MA. Quik Stop and EG America are committed to delivering a modernized consumer retail experience that exceeds expectations through quality products, excellent customer service, with above all, the most convenience for their valued guests.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 053-52-34 | Improvements Assessment | $717,526 |
| Land Assessment | $496,743 | Total Assessment | $1,214,269 |
Property Taxes
