401 Grass Valley Highway

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401 Grass Valley Highway

Auburn, CA 95603
Asking Price
$3.42M
Cap Rate
6.29%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Qualifies for Bonus/Accelerated Depreciation | Ranked #2 7-Eleven/76 Site in the Region (placer.ai) <ul><li>​Approx. 11 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc. (A - Rated)</li><li>​7.5% Rental Increases Every 5 Years with Multiple Renewal Options</li><li>​Site Includes a Sierra Express/7-Eleven Convenience Store and 4 Fueling Stations</li><li>​Signalized Hard Corner Location, Visible to 30,500+ Cars per Day Along Grass Valley Highway</li><li>​Property Qualifies for Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property

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NOI
$80,000
Cap Rate
2.34%
DSCR
0.39
Underwater
Cash-on-Cash
-11.99%
Monthly Payment
$16,914.372
Annual Cash Flow
$-122,972.463

Location & Travel Times