26730 Mccall Blvd Menifee, CA 92586

Property Details for 26730 Mccall Blvd

Year built

1986

Lot size

0.66 lot acres

Property size

1,088 SF

Zone code

CP

Property type

Gas stations

APN

335-191-001

APU

335191001

Description

This exceptional investment opportunity presents a 1,792 square foot convenience store in Sun City, CA, boasting a strong 5.50% cap rate and a substantial NOI of $230,000. The property, built in 1986 and situated on a 0.66-acre lot, features 6 gas pumps and ample parking (8 spaces). Currently operating under a single-tenant, absolute NNN lease with United Pacific, a joint venture between subsidiaries of Phillips 66 and Fortress Investment Group, LLC, the lease extends until June 29, 2034, with a remaining term of approximately 9.6 years. The lease includes attractive rent bumps of 7.50% in July 2029 and in each of three 5-year options. This fee-simple ownership offers potential bonus depreciation benefits. The property is strategically located at 26730 McCall Blvd, Menifee, CA 92586, within a high-traffic area, providing excellent visibility and access. The tenant, CF United LLC, operates 511 retail gas stations across multiple states. This well-established business, with an average operating history of approximately 50 years, presents a secure and lucrative investment opportunity with high barriers to entry for competitors. The asking price is $4,181,818, translating to a price per square foot of $2,333.60. The property's location within Riverside County, California, offers significant long-term growth potential. This is a rare chance to acquire a high-performing, established convenience store with a long-term lease and significant upside.

Location Insight

City

Menifee

County

Riverside

State

California

Longitude

-117.194

Latitude

33.7156

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments