712 Lewelling Blvd, San Leandro, CA

Listing agent Adria Giacomelli

Listing office Lockehouse Retail Group Show Phone

Listing date Nov 22, 2021

Source Moodyscre

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Overview

This property features a gas station, convenience store, and canopy, constructed in 2021. The initial lease term of 15 years expires in February 2036. The lease structure is a true triple net lease, with the tenant responsible for all NNN expenses. Rent increases are structured at 10% every 5 years during the initial lease term and 15% every 5 years during the option terms. The option terms include three options of 5 years each, followed by one additional period of four years and eleven months. The business opened in February 2021. The property is located in San Leandro, CA.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

San Leandro

County

Alameda

State

California

Longitude

-122.14

Latitude

37.685

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FAQs

What type of property is this?

Gas station - Gas station with convenience store and canopy, built in 2021.

Where is this gas station located?

The property is located at 712 Lewelling Blvd San Leandro, CA.

What is the asking price?

The asking price for this property is $5,750,000.

What are key features of this property?

This property features: True Triple Net Lease (NNN) - Tenant pays for all expenses.; **Brand New Construction** - C‑store, canopy, and tanks built in 2021.; **Long Initial Lease Term** - Expires in February 2036 (15 years).