301 Los Angeles Ave Moorpark, CA 93021
NNN leased Shell gas station with 7-Eleven guarantee.
Type:Retail
Property size:
2,300 SFLot size:
0.74 AcresPrice / SF:
$2,015/SF- Added:
- May 17, 2023
- Days on Market:
- 1071
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 301 Los Angeles Ave
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.74 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing agent Kyle Miller License #CA 01716644
Listing office Newmark | Los Angeles - Downtown
Listing date May 17, 2023
Source Crexi
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 Newmark | Los Angeles - Downtown
Overview
Moorpark Shell Gas Station Investment
This offering presents the opportunity to acquire the ground leased fee interest (land) in a NNN leased, investment grade Shell gas station, guaranteed by 7-Eleven, Inc. The property is situated in Moorpark, California, at the signalized hard corner of E. Los Angeles Avenue and Park Lane. The location features ten gas pumps, a convenience store, and a car wash. The lease has been recently extended for 10 years, with two five-year options at Fair Market Value (FMV). 7-Eleven, Inc. guarantees the lease after acquiring the Shell Service Station from Tesoro, who has occupied this location since 1992. 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 city has experienced tremendous upper-class growth as evidenced by the 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 that will allow for additional density along E. Los Angeles Avenue. The property size is 2,300 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shell
Gas Station
Food Mart
Discount Store
Location Insight
- Map
- Local Demand
- City
- Moorpark
- County
- Ventura
- State
- California
- Longitude
- -118.8858632
- Latitude
- 34.2793262
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - NNN leased Shell gas station with 7-Eleven guarantee.
Where is this gas station located?
The property is located at 301 Los Angeles Ave Moorpark, CA.
What is the asking price?
The asking price for this property is $4,635,000.
What are key features of this property?
This property features: NNN Ground Lease with Investment Grade Tenant (S&P: AA-) Shell, guaranteed by 7‑Eleven, Inc.; Located on a signalized hard corner in affluent Moorpark, CA with high average household incomes.; Recently extended 10‑year lease with two (2) five (5) year options at FMV.
