Barstow, CA - Mobil & Car Wash

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Mobil & Car Wash investment property located in Barstow, California. The tenant, Mobil recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The site features a Mobil Gas Station, as well as a car wash on property. This property is a strong performing store, please contact agent for details.

The property is located along E Main St, which averages 50,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Barstow. The site
is positioned adjacent to Interstate 15, a major east/west travelling highway with over 70,000 VPD. Additionally, the gas station is located near the on/off ramp of Interstate 40, another east/west travelling thoroughfare with 22,000 VPD. Furthermore, the Mobil & Car Wash are located adjacent to Barstow Shopping Center, a 97,000 square foot center anchored by 99 Cents Only Stores that also features national/credit tenants including Big 5 Sports, Wells Fargo, and more. Moreover, the asset is located across E Main St from an Aaron’s and Family Dollar anchored center that also features an Anytime Fitness. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Stater Bros, Food4Less, RAC, Marshalls, Harbor Freight Tools, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 29,600 with an average household income of $79,181.