Current Use by Public Records
- Retail properties & Spaces
Property Details for 50200 Cesar Chavez St
- Year built
- 2024
- Lot size
- 1.26 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 4,625 square foot Circle K convenience store and gas station in Coachella, CA. The property sits on a 1.26-acre lot and boasts a new 15-year absolute NNN ground lease commencing February 1, 2025, and expiring January 31, 2040, with a remaining term of 15.2 years. The lease includes rent bumps of 10% every five years, ensuring consistent income growth. The property's strong NOI of $185,000 yields a 4.50% cap rate at an asking price of $4,111,000. The tenant, Circle K, is a subsidiary of Alimentation Couche-Tard, a globally recognized company with an investment-grade rating (S&P: BBB+). This location benefits from its high-traffic position at a signalized intersection with 33,000 cars per day, and its strategic placement within a shopping center anchored by national brands such as ALDI, McDonald's, Panda Express, Starbucks, Taco Bell, and Walgreens. The property's location in Coachella, a high-growth area with significant tourism, further enhances its investment appeal. The Coachella Valley's robust population and numerous major events, including the Coachella Valley Music & Arts Festival and Stagecoach, contribute to a consistently strong consumer base. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The property's APN is 778-020-010. Lease options include three 5-year and one 4-year, 11-month extensions, each with a 10% rent increase. The year built is 2024.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coachella
- County
- Riverside
- State
- California
- Longitude
- -116.182
- Latitude
- 33.6828
