15666 Hellman Ave Chino, CA 91710
- Grocery and convenience stores
- 1.15 lot acres
Current Use by Public Records
- Laredo Taco Company / Mexican Restaurant
- 7-Eleven / Gas Station
Property Details for 15666 Hellman Ave
- Year built
- 2023
- Lot size
- 1.15 lot acres
- Property type
- Grocery and convenience stores
- Property subtype
- Gas stations
- APN
- 1055-091-14-0000
Description
This exceptional investment opportunity presents a brand-new, 5,596 square-foot 7-Eleven gas station and convenience store in Chino, CA. Located at the signalized intersection of Hellman and Limonite Avenues, near a recently completed four-lane bridge, this property benefits from a high-growth trade area that experienced a 113% increase from 2000 to 2010 and is projected to grow by an additional 2.12% by 2029. The property features twelve fuel dispensers and a Laredo Taco, providing multiple revenue streams. The 1.15-acre lot houses a building constructed in 2023, boasting a 15-year NNN lease (14 years remaining) with a highly-rated (S&P A-rated) tenant. The lease includes 10% rent bumps every five years and four additional five-year options with the same increase. The strong demographics of the area, with over 90,000 people within a three-mile radius and average household incomes exceeding $175,000, further enhance the investment potential. The property's NOI is $370,000, resulting in a 5.00% cap rate, and the asking price is $7,400,000. The build-to-suit structure may qualify for bonus depreciation (consult your tax professional). This is a turnkey investment with significant long-term growth potential. The property's APN is 1055-091-14-0000. Lease commencement is August 15, 2023, and expiration is August 14, 2038.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chino
- County
- San Bernardino
- State
- California
- Longitude
- -117.66215355023
- Latitude
- 33.990670892857
