Overview

Description

Essential CRE is pleased to present the exclusive opportunity to acquire the ground lease interest in a single tenant 7-Eleven convenience store and service station located at 3520 Pacheco Blvd in Martinez CA (East Bay SF). The subject property is 2,750 square feet, resides on 3.36 acres of land and was constructed in 1992. 7-Eleven has 4.3 years remaining on an Absolute NNN Ground Lease with a scheduled 10% increase on May 1st, 2023. There is one, 5-year option remaining with a 10% increase at option renewal. The property is strategically located on Pacheco Blvd, a primary commercial arterial situated in this highly sought-after East Bay market. 7-Eleven benefits from its proximity to the Tesoro Golden Eagle Refinery, Highway 4 and interstate 680, providing convenient access for commuters and workers.

Highlights

• 7-Eleven Inc ( S&P Credit Rating: A ) has Operated at this Location since 2017 and has Exercised their First Option. Rent Increase on May 1st, 2023 $14,740 a Month - 4.12% CAP Rate
• Absolute NNN Ground Lease with 4.3 Years Remaining and Scheduled 10% Rent Increase at Options
• Rare Single Tenant Net Leased Opportunity in Thriving and Rapidly Expanding East Bay Market - Martinez, CA
• Strategically Positioned in Commercial Corridor on Pacheco Boulevard within Close Proximity to Highway 4, Interstate 680 and Tesoro Golden Eagle Refinery
• Subject Property has Operated as Convenience Store and Service Station for 32+ Years; Large 3 Acre Lot with 6 Gasoline Bays and 9 Diesel Bays

Documents

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