109 Main St Big Pine, CA 93513
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Big Pine, CA: NNN Lease, High NOI
Property size:
5,737 SFProperty Features for 109 Main St
General Information
- Property type
- Automotive properties
- Square Feet
- 5,737 SF
- Lot Size
- 70,132 SF
Listing Agency: Colliers Listing Agent: Eric Carlton
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 5,737 square foot Shell gas station and convenience store in Big Pine, California. The property boasts a 20-year absolute NNN lease, commencing July 1, 2023, and expiring June 30, 2043, with a remaining term of 18.6 years. The lease includes annual rent increases, ensuring consistent passive income and eliminating landlord responsibilities. The property features 15 fuel pumps (8 MPDs), a convenience store, four service bays, showers, propane refill, a truck scale, and ample parking for cars, RVs, and trucks. Situated on a 1.61-acre lot at 109 S Main St, Big Pine, CA 93513 (APN: 004-032-01-00), this location benefits from its position on US Route 395, a major thoroughfare connecting Southern California to Mammoth Lakes and Yosemite National Park. The high tourist traffic in the area, including proximity to Mammoth Mountain and Yosemite, contributes to strong sales. The asking price is $2,962,963, representing a price per square foot of $516.47 and a 6.75% cap rate. The property's Net Operating Income (NOI) is $200,000, and the occupancy is 100%. A 3-bedroom, 2-bathroom, 1,728 square foot single-family residence is also included on the property. This turnkey investment offers significant potential for long-term returns.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shell
Gas Station
TNT Fireworks
Department Store
Location Insight
- Map
- Local Demand
- City
- Big Pine
- County
- Inyo
- State
- California
- Longitude
- -118.2899582
- Latitude
- 37.1658238
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FAQs
What type of property is this?
Automotive property - Big Pine, CA: NNN Lease, High NOI
Where is this automotive property located?
The property is located at 109 Main St Big Pine, CA.
What is the asking price?
The asking price for this property is $2,962,963.
What are key features of this property?
This property features: 20-Year Sale-Leaseback, Absolute NNN Lease with Options at Close of Escrow.; Established Convenience Store with Strong Sales History and New Operator.; Rare 2% Annual Rent Increases, Zero Landlord Responsibilities, Limited Competition, Includes Service Bay.
