Single-Tenant NNN Gas
For Sale
Contact for pricing
1301 Service Rd, Ceres, CA 95307
Fuel and convenience store leased to Quik Stop Markets, Inc. under a NNN structure through April 30, 2035.
Property Size2,820 SF
Price / SF$707.45
Days on Market8
Property Features for 1301 Service Rd
General Information
Standard status
Active
Size
2,820 SF
Class
B
Total Parking Spaces
13
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$114,720
Financials
Asking Price
$1,995,000
Cap Rate
5.75%
Building Details
Year Built
1990
Tenancy
Single
Listing Agency:
First Commercial Real Estate
(209) 461-6400
Listed By:
Andy Le · License #CA 02110117
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Commercial Real Estate
Investment Insights
Based on property information with market context.
This single-tenant NNN property combines a fuel station with a convenience store operated by Quik Stop Markets, Inc. The building contains 2,820 square feet and was built in 1990. Current lease control extends through April 30, 2035, with five additional five-year renewal options available through 2060. The tenant operates within the EG America / Cumberland Farms platform.
The property is located at 1301 Service Rd in Ceres, California, at the intersection of Service Road and Morgan Road. Its setting serves neighborhood activity, commuter movement, and daily-needs customers, with regional access throughout the Central Valley trade area and Stanislaus County. The asset is positioned within the Modesto MSA.
The property is located at 1301 Service Rd in Ceres, California, at the intersection of Service Road and Morgan Road. Its setting serves neighborhood activity, commuter movement, and daily-needs customers, with regional access throughout the Central Valley trade area and Stanislaus County. The asset is positioned within the Modesto MSA.
Key Highlights
- Single‑tenant Quik Stop Markets, Inc. fuel and convenience store
- NNN lease with approximately 8+ years of current lease control through April 30, 2035
- Five additional 5‑year renewal options extend through 2060
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,317,380
$1.3M
Cap Rate 7%
$940,986
$941.0K
Cap Rate 9%
$731,878
$731.9K
Market Conditions
NOI Build-Up for 2,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$104.9K $37.20/SF
− Vacancy
−$10.8K −$3.83/SF
EGI
$94.1K $33.37/SF
− OpEx
−$28.2K −$10.01/SF
NOI
$65.9K $23.36/SF
Area
Stanislaus County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,317,380
Cap Rate 7%
$940,986
Cap Rate 9%
$731,878
Alternative Uses
Best Use
Retail
$941.0K
$823.4K – $1.10M
NOI $65,869 @ 7.0% cap · market cap 3.30%
Second Best
Specialty Retail
$625.2K
$547.1K – $729.4K
NOI $43,765 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,750 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
ARCO
Shops & Services
9,900 visits/mo
0.1 miles
AMPM
Shops & Services
3,988 visits/mo
0.1 miles
Demographics for 95307, CA
46,346
Population
13,221
Households
3.5
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
32.8 sq mi
ZIP Area
1,413
Density / Sq Mi
$77,101
Median Household Income
$37,567
Median Earnings
$1,455
Median Rent
$402,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fuel and convenience store leased to Quik Stop Markets, Inc. under a NNN structure through April 30, 2035.
Where is this nnn property located?
The property is located at 1301 Service Rd Ceres, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Single‑tenant Quik Stop Markets, Inc. fuel and convenience store; NNN lease with approximately 8+ years of current lease control through April 30, 2035; Five additional 5‑year renewal options extend through 2060
