STNL 7-Eleven Convenience Store & Service Station
NNN GROUND LEASE
Overview
Offering Specifications
- Price $3,000,000
- CAP Rate 5.90%
- Price/SF $1,090.90
- Net Operating Income $176,880
- Square Footage 2,750
- Year Built 1992
- Lot Size 3.36 AC
- Lease Term Remaining 4 Years
- Ownership Type Ground Lease
- Lease Type Absolute NNN
Essential CRE is pleased to present the exclusive opportunity to acquire the ground lease interest, via C-Corp stock sale, in a single tenant 7-Eleven convenience store and service station located at 3520 Pacheco Blvd in Martinez CA (East Bay SF). The subject property is 2,750 square feet, resides on 3.36 acres of land and was constructed in 1992. 7-Eleven has 4 years remaining on an Absolute NNN Ground Lease with a scheduled 10% increase on May 1st, 2023. There is one, 5-year option remaining with a 10% increase at option renewal. The property is strategically located on Pacheco Blvd, a primary commercial arterial situated in this highly sought-after East Bay market. 7-Eleven benefits from its proximity to the Tesoro Golden Eagle Refinery, Highway 4 and interstate 680, providing convenient access for commuters and workers.
