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202 N Mount Vernon Ave
Colton, CA 92324
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Large Rental Increase – There is a Large Rent Increase of 25.44% Scheduled IN 2030.
- NNN Lease – Offering the Landlord a Passive and Reliable Stream of Income With Minimal Responsibilities.
- Long Term Tenant – Tenant Has Been IN Operation Here Since 2005 and Recently Extended for an Additional 10 Years.
- Long Lease Term – ±10.2 Years Remaining With Two, 5 Year Options.
- Resilience IN Various Economic Conditions – the Convenience Store Industry Has Shown Resilience During Economic Fluctuations.
- Hard Signalized Corner – Generating Over ±25,000 VPD, With Access From Both Streets.
EXECUTIVE SUMMARY
David Harrington
License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,836 SF
Building Class
B
Year Built
1995
Price
$5,731,920
Price Per SF
$2,021.13
Cap Rate
5%
NOI
$286,596
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
PROPERTY TAXES
| Parcel Number | 0164-172-53 | Improvements Assessment | $972,774 |
| Land Assessment | $1,316,106 | Total Assessment | $2,288,880 |
PROPERTY TAXES
Parcel Number
0164-172-53
Land Assessment
$1,316,106
Improvements Assessment
$972,774
Total Assessment
$2,288,880
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