95 Bill Drake Way Foster City, CA 94404
- Retail properties
- 2,248 SF
- 22,536.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 95 Bill Drake Way
- Lot size
- 22,536.00 lot acres
- Property size
- 2,248 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a 2,248 square foot Shell gas station situated on a substantial 22,536-acre lot in the thriving city of Pacifica, California. The property boasts a highly visible location on 95 Bill Drake Way, 94404, ensuring consistent customer traffic. Currently operating under a triple-net (NNN) lease, the property offers a passive income stream with the tenant responsible for all property taxes, insurance, and maintenance. The existing lease agreement has five years remaining, with a valuable five-year renewal option, providing long-term financial security. The station features four gas pumps, catering to the needs of the local community and passing motorists. This turnkey operation has demonstrated a history of strong financial performance, making it an attractive proposition for investors seeking a low-maintenance, high-return asset. The property's location within the robust Bay Area real estate market offers significant potential for future appreciation. The APN is 009132070. This is a single-tenant property with a Shell franchisee as the tenant. This represents a rare opportunity to acquire a well-established, high-performing gas station in a prime location, offering both immediate income and long-term growth potential. The asking price for this exceptional property is $3,900,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Foster City
- County
- San Mateo
- State
- California
- Longitude
- -122.271
- Latitude
- 37.5549
