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United Pacific: Norco, CA 1488 6th St 2,301 SF Retail Building Norco, CA 92860 $4,260,870 ($1,851.75/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Increases
- Long-Term Operating History
- Riverside-San Bernardino-Ontario, CA MSA Advantage
- High Barriers to Entry
- Intrinsic Underlying Value
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 2,301-square-foot United Pacific gas station and convenience store positioned on 0.43 acres in Norco, California — part of the Riverside MSA. The site is subject to a ±8.7-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the three, 5-year renewal options.
Business is not for sale
Business is not for sale
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,301 SF
Building Class
C
Year Built
1984
Price
$4,260,870
Price Per SF
$1,851.75
Cap Rate
5.75%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Zoning
C4 - Commercial Zone
Parking
10 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 131-200-029 | Improvements Assessment | $2,982,592 |
| Land Assessment | $743,675 | Total Assessment | $3,726,267 |
PROPERTY TAXES
Parcel Number
131-200-029
Land Assessment
$743,675
Improvements Assessment
$2,982,592
Total Assessment
$3,726,267
CONTACTS
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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United Pacific: Norco, CA | 1488 6th St
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