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8048 Ca-12 Wallace, CA 95252

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For Sale
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High-yield NNN lease, strong tenant.

Property size:
2,986 SF

Property Features for 8048 Ca-12

General Information

Property type
Automotive properties
Square Feet
2,986 SF
Lot Size
37,462 SF

Building Details

Year Built
1970
Buildings
1

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Listing Contact
Matthew Mousavi
Matthew Mousavi

Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Matthew Mousavi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a fee-simple ownership of a 2,986 square foot 7-Eleven convenience store and gas station located at 8048 CA-12, Valley Springs, CA 95252. The property sits on a 0.86-acre lot and includes 8 gas pumps and 16 parking spaces. Built in 1970, the building is zoned C-2: General Commercial and boasts 100% occupancy under a corporate-guaranteed Net Lease (NNN) agreement. The current lease, with a remaining term of 11.5 years, extends to May 12, 2036, and includes three 5-year renewal options. Rent increases of 7.50% every 5 years throughout the initial term and options provide built-in inflation protection and growing net operating income (NOI). The property's NOI is $84,996, resulting in a 5.50% cap rate and a price per square foot of $517.41. The asking price is $1,545,000. This strategically located 7-Eleven enjoys high visibility along Highway 12, a major commuter route connecting the southern Sacramento MSA to Interstate 5. The property benefits from a strong local demographic, with over 4,300 residents and 780 daytime employees within a 5-mile radius, and boasts an affluent average household income. Furthermore, it's the only gas station within a 5+ mile radius, ensuring a significant consumer draw and minimal competition. The APN is 048-019-068-000.
Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Map

City
Wallace
County
Calaveras
State
California
Longitude
-120.9789608
Latitude
38.1956998

FAQs

What type of property is this?
Automotive property - High-yield NNN lease, strong tenant.
Where is this automotive property located?
The property is located at 8048 Ca-12 Wallace, CA.
What is the asking price?
The asking price for this property is $1,545,000.
What are key features of this property?
This property features: $1,545,000 asking price for a fee-simple interest in a 7-Eleven retail property.; NNN lease with corporate guarantee from a highly-rated tenant (S&P: A).; 11.5 years remaining on the lease, plus three 5-year options with 7.5% rent increases every 5 years.
More about this property
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