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Views: 153 DOM: 473 Updated: 10.06.24 Posted: 07.30.23 Status: Active

Summary

Price $2,962,963
Built/Renov 1996
Tenant Shell
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,737
Lease Start 07-01-2023
#Units 47,000
Price/SF $516.47
Expiration 06-30-2043
Tenant Type Convenience/Gas
NOI $200,000
R. Term 18.7
Ownership Fee Simple
Rent/SF $34.86
Increases 2.0%/1/yrs
Pop 5Mi 1,859
Lot/AC 1.61
Options 3/5yrs/2%
AHHI 5Mi $79,726

Lease Highlights

  • Brand-new 20-year lease with 3 (5-year) options to extend
  • Lease features 2% annual rental increases
  • Absolute NNN Lease I Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This Shell full-service station is strategically positioned on U.S. Route 395, which connects Southern California and Mammoth Lakes/East Yosemite National Park. The site caters to all types of automobiles and features 15 fuel pumps, 4 service bays, and several truck stop amenities. The subject property is located one hour from Mammoth Lakes/Mammoth Mountain and less than 2 hours from Yosemite...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Shell plc (NYSE: SHEL) is a British multinational oil and gas company formed in 1907 through the merger of the Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,337 1,837 1,856
2023 Total Population : 1,344 1,847 1,866
2023 Employed Civilian Pop : 651 895 904
2023 Total Businesses : 38 45 48
2023 Average Household Income : $ 90,645 $ 90,656 $ 90,463
2023 Total Consumer Spending : $ 41 M $ 60 M $ 60 M
2023 Median Age : 48 48 48
2023 Total Households : 536 770 778
2023 Pop Age 25+: Bachelor's Degree : 123 169 171
2023 Average Home Value : $ 416,569 $ 415,212 $ 414,911
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
395 Sierra St 2018 6,200 0.36 mi
County Road 2021 7,200 0.53 mi
State Rte 168 Canal St 2017 480 0.67 mi
395 County Rd 2018 9,400 0.68 mi
395 2018 7,100 2.81 mi

Listing Broker

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