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3645 Rio Rd
Carmel, CA 93923
Chevron · Retail Property For Sale
Investment Highlights
- Automotive/Gas Station zoning on a prime corner in Carmel-by-the-Sea.
- Lease guaranteed by Chevron Corporation (S&P: AA-), one of the world’s leading integrated energy companies.
- Strategically positioned on a hard corner at Rio Road and Cabrillo Highway (Highway 1).
- Full Triple Net (NNN) Ground Lease with zero landlord responsibilities.
- Chevron has operated at this location since 1965, demonstrating exceptional tenant performance and commitment.
- Adjacent to The Crossroads Carmel Shopping Center, a dominant retail hub anchored by Safeway.
Property Facts
Property Type
Retail
Property Subtype
Service Station
Building Size
1,944 SF
Building Class
C
Year Built
1968
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Parking
5 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
174’ on Rio Rd
Property Taxes
| Parcel Number | 009-562-014-000 | Improvements Assessment | $1,749,832 |
| Land Assessment | $3,609,030 | Total Assessment | $5,358,862 |
Property Taxes
Parcel Number
009-562-014-000
Land Assessment
$3,609,030
Improvements Assessment
$1,749,832
Total Assessment
$5,358,862
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