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    109 Main St Big Pine, CA 93513

    Sponsored
    For Sale
    $2,962,963

    Big Pine, CA: NNN Lease, High NOI

    Property size:
    5,737 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 109 Main St

    General Information

    Property type
    Automotive properties
    Square Feet
    5,737 SF
    Lot Size
    70,132 SF

    HighLights

    • 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.
    • High‑Traffic Location on Hwy 395, Near Mammoth Mountain.
    • Prominent Branding by a Major Oil Company, Operated by a Multi‑Unit Operator.
    • Qualified for Bonus Depreciation, High Tourist Traffic to Yosemite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shell Gas Station TNT Fireworks Store

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Department Store Storage Facility HVAC Service Hotel & Motel Auto Parts Store Discount Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Pine
    County
    Inyo
    State
    California
    Longitude
    -118.2899582
    Latitude
    37.1658238

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    Nearby Similar for Sale

    • $2,700,000
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      109 S Main St, Big Pine, CA 93513
      View Details

    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.
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    109 Main St Big Pine, CA 93513
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    109 Main St Big Pine, CA 93513
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