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    400 Auburn St Colfax, CA 95713

    Sponsored
    For Sale
    $5,000,000

    High-Yield NNN Lease in CA

    Property size:
    2,146 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple interest in a 2,146 square foot 7-Eleven convenience store and gas station located at 400 S Auburn St, Colfax, CA 95713. The property boasts a strong 11.5-year remaining lease term with three 5-year options, featuring 7.5% rental increases every five years. The corporate-guaranteed NNN lease minimizes landlord responsibilities, offering a passive income stream. With a 5.50% cap rate and a Net Operating Income (NOI) of $275,004, this asset provides a compelling return on investment. Situated on a 0.55-acre lot with nine parking spaces, the property benefits from high visibility and accessibility, located along Auburn Street, State Highway 174, and Interstate 80, experiencing significant daily traffic. The property is zoned C-H (Highway Commercial District) and was built in 1968. The strong tenant, 7-Eleven, is surrounded by complementary businesses and a dense residential population with high average household incomes, ensuring consistent customer traffic. This prime location, coupled with the long-term lease and built-in rent escalations, makes this a highly desirable investment opportunity. The asking price is $5,000,000, representing a price per square foot of $2,329.92. The property's APN is 100-240-024-000.

    Property Features for 400 Auburn St

    General Information

    Property type
    Automotive properties
    Square Feet
    2,146 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1968
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colfax
    County
    Placer
    State
    California
    Longitude
    -120.9505004
    Latitude
    39.095611

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    FAQs

    What type of property is this?
    Automotive property - High-Yield NNN Lease in CA
    Where is this automotive property located?
    The property is located at 400 Auburn St Colfax, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    Request Owner's contact information
    400 Auburn St Colfax, CA 95713
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    Colfax, CA 95713
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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
    400 Auburn St Colfax, CA 95713
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