100 Clarendon Rd Pacifica, CA 94044
- Retail space
- 2,400 SF
- 0.25 lot acres
Current Use by Public Records
- Retail space
Property Details for 100 Clarendon Rd
- Year built
- 1968
- Lot size
- 0.25 lot acres
- Property size
- 2,400 SF
- Zone code
- CL00C1
- Property type
- Retail space
- APN
- 016-400-280
- APU
- 16400280
Description
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store located at 100 Clarendon Rd, Pacifica, CA 94044, within the San Francisco MSA. Boasting a remarkable 57-year operating history since 1968, this property represents one of California's original 7-Eleven locations. The current absolute NNN lease with a corporate guarantee features a remaining term of approximately 11.6 years, extending to June 30, 2036, with built-in 3 and 5-year renewal options. The 2,400 square foot building sits on a 0.25-acre lot and generates a strong NOI of $148,500, resulting in a compelling 5.10% cap rate. The asking price is $2,912,000. Situated in a desirable area of Pacifica, a safe and popular tourist destination, the 7-Eleven benefits from high foot traffic due to its proximity to residential areas, Sharp Park State Beach, and the Pacifica Municipal Pier. The surrounding area includes homes, condos, and apartments, many used as short-term rentals, ensuring consistent customer traffic. This strategically located property is just 15 miles from downtown San Francisco and 9 miles from San Francisco International Airport, serving both local residents and tourists. The average household income within a 3-mile radius is nearly $180,000, indicating a strong and affluent customer base. This is a rare opportunity to acquire a well-established, high-performing 7-Eleven in a prime location with significant long-term growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,980,000
- ML approach
- $1,995,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,739,000
Market price range: $692k - $1.74M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,220,000 Current use
- OFFICE BUILDING
- $1,540,000 Change: +26% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,295,000 Change: +6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Pacifica
- County
- San Mateo
- State
- California
- Longitude
- -122.491
- Latitude
- 37.6297
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
