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2086 Service Rd 2,613 SF Retail Building Thermal, CA 92274 $2,699,000 ($1,032.91/SF) 5.18% Cap Rate
Investment Highlights
- Corporate Lease
- Prime Retail Location:
- Limited Competition
- Busy Salton Sea Travel Plaza
Executive Summary
Absolute Net (NNN) Sale Leaseback - This property is operating under a longterm, Absolute Net (NNN) lease with 13+ years remaining. The tenant is responsible for all real estate taxes, insurance, and property maintenance.
Experienced, Strong and Growing Operator - Founded in 2006, Desert Jack, LLC owns and operates 50 Jack in the Box fast food restaurants in California.
Next Door to Brand New Salton City Travel Plaza - The subject property is next to the Salton City Travel Plaza / Chevron Truck Stop, a convenient and highly visited stop for Ocotillo Wells visitors. This Chevron is equipped with 20 fuel pumps in the front and 20 diesel truck pumps in the back.
The travel plaza also includes a state-of-the-art food court featuring national brands including Taco Bell, KFC, Pizza Hut, Subway, Yogurtland, Cinnabon and
Coffee Bean & Tea Leaf.
Jack in the Box sales have increased since the Plaza opened as the Travel Plaza has continued to drive more traffic to the property.
Experienced, Strong and Growing Operator - Founded in 2006, Desert Jack, LLC owns and operates 50 Jack in the Box fast food restaurants in California.
Next Door to Brand New Salton City Travel Plaza - The subject property is next to the Salton City Travel Plaza / Chevron Truck Stop, a convenient and highly visited stop for Ocotillo Wells visitors. This Chevron is equipped with 20 fuel pumps in the front and 20 diesel truck pumps in the back.
The travel plaza also includes a state-of-the-art food court featuring national brands including Taco Bell, KFC, Pizza Hut, Subway, Yogurtland, Cinnabon and
Coffee Bean & Tea Leaf.
Jack in the Box sales have increased since the Plaza opened as the Travel Plaza has continued to drive more traffic to the property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,613 SF
Building Class
B
Year Built
2015
Price
$2,699,000
Price Per SF
$1,032.91
Cap Rate
5.18%
NOI
$139,808
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.63 AC
Zoning
C-2 - Neighborhood Commercial
Parking
18 Spaces (6.89 Spaces per 1,000 SF Leased)
Frontage
98’ on Service Road
Amenities
- Drive Thru
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 014-178-015-000 | Improvements Assessment | $2,354,819 |
| Land Assessment | $457,380 | Total Assessment | $2,812,199 |
Property Taxes
Parcel Number
014-178-015-000
Land Assessment
$457,380
Improvements Assessment
$2,354,819
Total Assessment
$2,812,199
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2086 Service Rd
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