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    FOR LEASE
    Gas stations

    945 Abbott St, Salinas, CA 93901

    4,509 SF 1.11 ac lot Built 1999
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US09-2457714
    Property summary
    AI-generated overview

    This exceptional ±2,500 square foot restaurant space presents a unique opportunity in the thriving Salinas, CA market. Located at the northwest corner of Abbott Street (22,624 vehicles per day) and South Sanborn Road (25,377 vehicles per day), this highly visible property benefits from its strategic position at the intersection of major thoroughfares and convenient access to Highway 101 and Highway 68 via East Blanco Road. The site is ideally situated in a high-traffic area bordering industrial and residential corridors, ensuring a consistent flow of potential customers. The property is a second-generation drive-thru restaurant, boasting existing infrastructure designed to streamline the setup for a new operator. This includes a grease trap, walk-in refrigeration, walk-in cooler, floor drains, sink hookups, shafting for a Type 1 hood, and two drive-thru windows with an eight-car stack. The property's adjacency to a high-volume Chevron gas station, along with nearby medical facilities and daily service businesses, contributes to a strong daytime population. Further enhancing the location's appeal, a new Starbucks and Circle K are slated to open soon. The zoning is commercial, and the property is located in Monterey County, within the Salinas submarket. This turnkey space offers significant potential for a variety of restaurant concepts seeking a prime location with established infrastructure. The entire 2,500 square feet is currently vacant and ready for immediate occupancy.

    Property profile
    Verified
    Property type Gas stations
    Use group GAS STATION
    Year built 1999
    Total area 4,509 SF
    Lot 1.11 ac (48,221 SF)
    APN 002-761-015-000
    UPID US09-2457714
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chevron Grocery & Convenience Store
    • ExtraMile Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.01M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.21M
    Owner & transaction history
    945 Abbott Street Salinas LLC · 1 yrs held
    945 Abbott Street Salinas LLC
    since 2024
    7 recorded transactions
    2024
    2022
    $5.5M
    2022
    2022
    2022
    2015
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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