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    Freestanding 7-Eleven Investment Property Title is generated by Realmo AI

    400 S Auburn St, Colfax, CA 95713

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    NNN leased 7-Eleven in Colfax, CA with 8 fueling stations.

    Type:Retail
    Property size:
    2,146 SF
    Price / SF:
    $2,329/SF
    Added:
    Oct 12, 2023
    Days on Market:
    967
    Last Refresh:
    May 13 at 8:20 pm

    Property Features for 400 S Auburn St

    General Information

    Standard status
    Active
    Size
    2,146 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Patrick R. Luther, CCIM
    Patrick R. Luther, CCIM

    Listing agent Patrick R. Luther, CCIM License #01912215

    Listing office SRS Real Estate Partners Newport Beach

    Listing date Oct 12, 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 SRS Real Estate Partners Newport Beach

    HighLights

    • NNN lease with investment‑grade tenant (S&P: A) 7‑Eleven, offering a low‑management, passive investment.
    • Over 12 years of firm lease term remaining with 7.50% rental increases every 5 years.
    • Strategically located with high visibility and access, benefiting from over 64,800 vehicles average daily traffic.
    • Features a freestanding 7‑Eleven asset with 8 fueling stations.
    • Located near numerous residential communities, providing a direct consumer base.
    • Affluent surrounding demographics with average household incomes exceeding $100,000 within a 5‑mile radius.

    Overview

    This freestanding 7-Eleven property is located in Colfax, California, within the Sacramento MSA. The property features a NNN lease with over 12 years of firm term remaining, along with 3 (5-year) option periods. The lease, signed by the corporate entity, includes 7.50% rental increases every 5 years throughout the initial term and options. The property includes 8 fueling stations. Situated along Auburn Street, the location benefits from high visibility and access, with approximately 11,700 vehicles passing by daily. It also has direct access to State Highway 174 (15,500 VPD) and Interstate 80 (37,600 VPD). The surrounding trade area includes tenants such as US Bank, Starbucks, NAPA Auto Parts, McDonald’s, Pizza Factory, and Beach Hut Deli. The property is near residential communities, including Pinetop Circle (45 units) and Canyon View Senior Community (67 units). The 5-mile trade area is supported by over 11,700 residents and 1,700 daytime employees. The average household income within 1-, 3-, and 5-miles of the subject property is $109,294, $107,801, and $114,353, respectively. The building size is 2,146 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Colfax
    County
    Placer
    State
    California
    Longitude
    -120.9505457
    Latitude
    39.0956655

    Nearby Similar for Sale

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      130 Whitcomb Ave, Colfax, CA 95713
      View Details
    • $399,000
      2,652 SF

      Freestanding Restaurant with Outdoor Patio

      2,652 SF restaurant with a large, covered outdoor patio.
      745 State Hwy 174, Colfax, CA
      View Details

    FAQs

    What type of property is this?
    Gas station - NNN leased 7-Eleven in Colfax, CA with 8 fueling stations.
    Where is this gas station located?
    The property is located at 400 S Auburn St Colfax, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: NNN lease with investment‑grade tenant (S&P: A) 7‑Eleven, offering a low‑management, passive investment.; Over 12 years of firm lease term remaining with 7.50% rental increases every 5 years.; Strategically located with high visibility and access, benefiting from over 64,800 vehicles average daily traffic.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick R. Luther, CCIM
    Patrick R. Luther, CCIM
    Real Estate License ID: 01912215
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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