76 Gas Station | 100 Marinwood Ave
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76 Gas Station 100 Marinwood Ave
1,400 SF Retail Building San Rafael, CA 94903 £3,988,148 (£2,849/SF) 5.75% Net Initial Yield
Investment Highlights
- Brand-new 20-year absolute NNN lease featuring 2.5% annual rental increases throughout the base term and options
- Zero landlord expense or maintenance obligations
- Top 25% most visited gas station in the country per Placer.ai
- Proven location – tenant extended early for an additional 20 years
- Top 20 largest gas operators in the U.S. - $2B revenues
- 111,400 residents with an average household income of $170,449 within a 5-mile radius of the subject property
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,400 SF
Building Class
C
Year Built/Renovated
2021/2023
Price
£3,988,148
Price Per SF
£2,849
Net Initial Yield
5.75%
NOI
£229,327
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
0.59 AC
Frontage
PROPERTY TAXES
| Parcel Number | 164-471-63 | Improvements Assessment | £113,614 |
| Land Assessment | £1,126,538 | Total Assessment | £1,240,152 |
PROPERTY TAXES
Parcel Number
164-471-63
Land Assessment
£1,126,538
Improvements Assessment
£113,614
Total Assessment
£1,240,152
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John Andreini -
Kirby Dederian -
CP Partners CRE
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76 Gas Station | 100 Marinwood Ave
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