18372 Ca-108 Jamestown, CA 95327
- Retail properties
- 2,852 SF
- 0.89 lot acres
Current Use by Public Records
- Retail properties
Property Details for 18372 Ca-108
- Lot size
- 0.89 lot acres
- Property size
- 2,852 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2,852 square foot 7-Eleven convenience store located at a signalized, hard-corner intersection of CA-108 and Rawhide Rd in Jamestown, California (zip code 95327). The property sits on a 0.89-acre lot and benefits from an absolute NNN lease with a corporate guarantee from 7-Eleven, a tenant with an A-rated credit. The current lease, commenced May 9th, 2021, has a remaining term of approximately 11.5 years, expiring May 9th, 2036, with three 5-year renewal options. The asking price is $5,090,836, representing a price per square foot of $1,785.01 and a 5.50% cap rate based on a net operating income (NOI) of $279,996. Rent increases of 7.50% every five years are built into the lease. The property enjoys exceptional visibility and accessibility due to its location, experiencing combined daily traffic of 39,500 vehicles. Its strategic location is further enhanced by its proximity to major retail anchors including Lowe's, Walmart Supercenter, PetSmart, Ross, Save Mart, Wilco Farm Store, and Harbor Freight Tools, all within a 3-mile radius. This investment offers significant long-term stability and potential for appreciation, making it an attractive addition to any portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Tuolumne
- State
- California
- Longitude
- -120.423
- Latitude
- 37.9559
