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2099 Fulkerth Rd
Turlock, CA 95380
7-Eleven | New 15yr Corp Abs NNN w/ Incrs · Retail Property For Sale
Investment Highlights
- Brand New 15-Year Lease | Corporate Signed | Investment Grade (S&P: A-) | Scheduled Rental Increases
- Directly Across From Walmart | Dense Retail Corridor | Surrounded by National Credit Tenants
- Strong Central Valley Demographics | Affluent 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized Hard Corner Location | Combined 33,400 VPD |Highway 99 (115,900 VPD) | Morning-Side Commuter Traffic
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 7-Eleven investment property located in Turlock, California. The tenant, 7-Eleven, Inc (S&P: A-) recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$8,421,000
Price Per SF
$1,810.97
Cap Rate
4.75%
NOI
$400,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.30 AC
Zoning
CC - Community Commercial
Parking
23 Spaces (4.95 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 088-30-03 | Improvements Assessment | $0 |
| Land Assessment | $531,021 | Total Assessment | $531,021 |
Property Taxes
Parcel Number
088-30-03
Land Assessment
$531,021
Improvements Assessment
$0
Total Assessment
$531,021
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