Overview

Description

An absolute NNN ground lease 76 gas station with 13+ years remaining in the primary lease term which features annual rental increases. The subject property is located in extremely affluent Marin County and is the only service station in the direct trade area serving thousands of customers.

Highlights

• An absolute NNN single-tenant Black Bear Diner in Yucca Valley
• 13+ years remaining in the primary term with three, 5-year options to extend the lease
• 10% rental increases during the primary term and option periods provide investors with a hedge against inflation
• Replaceable rent – $23.66/SF
• The subject property is ideally located on 29 Palms Highway just 10 miles from Joshua Tree National Park – one of the most famous national park sites in the country
• Yucca Valley Airport and nearby Twentynine Palms Airport funnel Joshua Tree tourists to the numerous hotels/rental properties in Yucca Valley and surrounding towns
• Nearby national retailers also located along 29 Palms Highway driving traffic to the area include Amazon, Walmart, Grocery Outlet, ALDI, and Tractor Supply Co

Documents

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