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76 Gas Station

$4,966,000

100 Marinwood Avenue, San Rafael, CA 94903

Active
Last Updated: 02/14/2025

6.05

Cap Rate

300,415

NOI

Details:
Cap Rate:    6.05%
NOI:    $300,415
Lot Area:    0.59 acres
Lease Type:    Absolute Net
Tenancy:    Single
Year Last Renovated:    2023
Highlights:
  • Brand-new 20-year absolute NNN lease featuring 2.5% annual rental increases throughout the base term and options
  • Proven location – tenant extended early for an additional 20 years
  • Zero landlord expense or maintenance obligations
  • Top 20 largest gas operators in the U.S. - $2B revenues
  • Top 25% most visited gas station in the country per Placer.ai
  • 111,400 residents with an average household income of $170,449 within a 5-mile radius of the subject property
Description:

A brand-new 20-year absolute NNN lease 76 Gas Station featuring 2.5% annual rental increases throughout the base term and options. The subject property is located in extremely affluent Marin County – $171,800+ average household incomes within a 5-mile radius of the subject property – and is the only service station in the direct trade area serving thousands of customers.

Map:
Documents:
Title
76GasStation_SanRafaelCA.pdf
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Location
Gallery