15666 Hellman Ave, Chino, CA 91710

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.

Location Insight

City

Chino

County

San Bernardino

State

California

Longitude

-117.66215355023

Latitude

33.990670892857