2500 W Lodi Ave
Lodi, CA 95242
Tesoro | S&P BB+ | New 15 Yr. Abs. NNN Lease · Retail Property For Sale

SRS National Net Lease Group is pleased to present our proposal for the absolute NNN, fee-simple ownership in a Mobil (Tesoro) gas station investment property located in Lodi, California. The site features 12 pumps, a convenience kiosk, and a car wash, generating multiple income streams for the site. The tenant, Tesoro Sierra Properties, LLC, recently further extended their longstanding lease until 2031, showing a commitment to the site. The lease features extremely rare 15% increases beginning in 2021 and every 5 years thereafter. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities. The subject site is located at the signalized, hard corner intersection of W. Lodi Avenue and N. Sacramento Road with over 21,700 vehicles passing by daily. The Tesoro site features excellent visibility and access within a Raley' s grocery anchored center. Raley' s recently invested $5,000,000 into the site renovating their floors, HVAC, cold storage, and more. Other tenants within the center include Wells Fargo, Central State Credit Union, Vista Oaks Charter School and more, which drives additional consumer traffic to the center and increases Tesoro' s daily potential consumer base. In addition to its excellent position, the site is just down the street from the Lodi Memorial Hospital (191 beds) and from Sunwest Market Place, with anchor tenants that include Lowe' s, Target, Safeway, and Marshalls. The 5-mile trade area is supported by a population of approximately 75,000 with an average household income of $74,000.