301 W Los Angeles Ave Moorpark, CA 93021
NNN leased Shell station with 7-Eleven guarantee in affluent Moorpark.
Source:
Nmrk
Listing Agent: Kyle Miller
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Moorpark Shell Station Ground Lease
The property is a ground-leased fee interest in a freestanding Shell station, guaranteed by 7-Eleven, Inc., located in Moorpark, California. Situated on the signalized hard corner of E. Los Angeles Avenue and Park Lane, the property features ten gas pumps, a convenience store, and a car wash. The location is seasoned, having been occupied by Tesoro since 1992 before being acquired by 7-Eleven, Inc. The lease has been recently extended for 10 years, with two 5-year options at fair market value. The lease includes 3% annual increases. The property occupies 0.74 acres on the primary corner outparcel to Mission Bell Plaza, a 113,682 square foot grocery-anchored shopping center. Co-tenants include Grocery Outlet, Fitness 19, Tractor Supply, Dollar Tree, Carl’s Jr, El Pollo Loco, AutoZone, and Wells Fargo. Moorpark is a wealthy Ventura County suburb bordering Los Angeles County. The area has experienced upper-class growth, with high average household incomes of $139,625, $177,707, and $171,949 within a 1, 3, and 5-mile radius, respectively. The city of Moorpark is currently amending the General Plan to allow for additional density along E. Los Angeles Avenue.
Location Intelligence
Current Use by Public Records
Shell
Gas Station
Food Mart
Food Store
Location Insight
- Map
- Local Demand
- City
- Moorpark
- County
- Ventura
- State
- California
- Longitude
- -118.8858632
- Latitude
- 34.2793262
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FAQs
What type of property is this?
Gas station - NNN leased Shell station with 7-Eleven guarantee in affluent Moorpark.
Where is this gas station located?
The property is located at 301 W Los Angeles Ave Moorpark, CA.
What are key features of this property?
This property features: - NNN Ground Lease with Investment Grade Tenant (S&P: AA-) guaranteed by 7-Eleven, Inc., providing passive income.; - Located on a signalized hard corner in affluent Moorpark, CA, with high average household incomes.; - Seasoned location operating since 1992, recently extended with a 10-year lease and two (2) five (5) year options at FMV.