301 Los Angeles Ave, Moorpark, CA 93021

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.