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    485 Melrose Dr Vista, CA 92083

    Sponsored
    For Sale
    $2,100,000

    High-return NNN gas station, strong tenant.

    Property size:
    1,055 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 1,055 square foot 76 Gas Station located at 485 N Melrose Dr, Vista, CA 92083. Boasting a 5.24% cap rate and a substantial NOI of $110,017, this property offers a secure, passive income stream. The property features four gas pumps and benefits from a prime location at a signalized intersection with high daily traffic counts (38,896 vehicles). The Absolute NNN lease with a corporate guarantee provides zero landlord responsibilities, and the current lease term extends to June 29, 2034, with three 5-year renewal options. Rent increases of 7.5% are built into the lease every five years, ensuring consistent growth in income. Built in 1990, this single-story building sits on a 0.22-acre lot and is surrounded by national tenants like Starbucks and Chili's, along with key community amenities. The 5-mile trade area boasts a population of 141,862 with an average household income of $123,203. Vista, CA, is a thriving city in San Diego County, known for its healthcare, biotechnology, and attractions. This property is ideally situated approximately 34 miles from San Diego and 40 miles from Chula Vista. The asking price is $2,100,000, representing a price per square foot of $1,990.52. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.

    Property Features for 485 Melrose Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    1,055 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    1

    HighLights

    • 9+ years remaining on the lease with three 5‑year options.
    • Rent increases of 7.5% on 7/1/29 and at the start of each option period.
    • Absolute NNN lease; no landlord responsibilities.
    • Corporate guaranteed lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thai One On Thai Restaurant Ohana Hawaiian BBQ Caterer PHO - VISTA Vietnamese Restaurant 76 Gas Station CoinFlip Bitcoin ATM Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.2540564
    Latitude
    33.2044463

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    FAQs

    What type of property is this?
    Automotive property - High-return NNN gas station, strong tenant.
    Where is this automotive property located?
    The property is located at 485 Melrose Dr Vista, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 9+ years remaining on the lease with three 5-year options.; Rent increases of 7.5% on 7/1/29 and at the start of each option period.; Absolute NNN lease; no landlord responsibilities.
    Request Owner's contact information
    485 Melrose Dr Vista, CA 92083
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    Vista, CA 92083
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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
    485 Melrose Dr Vista, CA 92083
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