Shell

109 South Main Street, Big Pine, CA 93513

$2,962,963

Cap Rate 6.75%

Views: 157 DOM: 479 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...

...

Key Features

In location for years
Strategically located
Highway location
Brand new lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Shell Wikipedia Shell Wikipedia Big Pine, California Zip Code 93513 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Shell (gas)
Guarantor:Corp T and Rated
Company:Shell plc
# Units:47,000
Tenant S&P: A+
Moody’s: Aa2
Stock: NYSE: SHEL

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...

...

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

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
21983 Views
58 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23601 Views
62 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT