8048 Ca-12 Wallace, CA 95252
High-yield NNN lease, strong tenant.
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 392
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
HighLights
- $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.
- 2,986 square feet building on a 0.86‑acre lot with 16 parking spaces and 8 gas pumps.
- 5.50% cap rate with a $84,996 net operating income (NOI).
- Located in Valley Springs, CA (Calaveras County), at 8048 CA‑12, with C‑2 zoning.
Current Use by Public Records
Map
- City
- Wallace
- County
- Calaveras
- State
- California
- Longitude
- -120.9789608
- Latitude
- 38.1956998