301 W Los Angeles Ave | Moorpark, CA 93021
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301 W Los Angeles Ave
Moorpark, CA 93021
Mission Bell East - Shell · Retail Property For Sale
Investment Highlights
- Seasoned location
- Dense & Affluent consumer base
- Passive NNN Lease
Executive Summary
Newmark Capital Markets is pleased to present for sale the ground leased fee interest (land) in a NNN leased, investment grade (S&P: AA-), freestanding, 7-Eleven (“Property”) located in the affluent Moorpark, California submarket. Located on the signalized hard corner of E. Los Angeles Avenue and Park Lane, the asset provides an investor the opportunity to acquire a seasoned location with ten gas pumps, a convenience store, and car wash on a recently extended 10-year lease with two (2) five (5) year options at FMV. 7-Eleven, Inc. guarantees the lease after acquiring the Shell Service Station from Tesoro who has occupied this location since 1992. The lease features 3% annual increases, providing a great hedge against inflation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,300 SF
Building Class
B
Year Built
1993
Price
£3,630,595
Price Per SF
£1,579
Net Initial Yield
5%
NOI
£181,530
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.07
Lot Size
0.74 AC
Zoning
CPD, Moorpark
Parking
8 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
212 ft on W Los Angeles Ave
Amenities
- Pylon Sign
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 511-0-080-455 | Improvements Assessment | £1,336,891 |
| Land Assessment | £1,581,988 | Total Assessment | £2,918,879 |
PROPERTY TAXES
Parcel Number
511-0-080-455
Land Assessment
£1,581,988
Improvements Assessment
£1,336,891
Total Assessment
£2,918,879
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