CAP Rate: 4.60%
Net Operating Income: $165,660
Lot Size: 0.51 AC
This is the opportunity to purchase a 3,090 square-foot absolute NNN leased 7-Eleven in Rialto/Bloomington, California. The tenant has a new 15 year lease with 10% increases every five years and four, 5 year options to renew. The lease is corporately guaranteed by 7-Eleven and calls for zero landlord obligations. The site is strategically located at a signalized intersection just off the 10 Freeway. The property is also nearby several national retailers including AutoZone, KinderCare, and United Food. The location features 3 MPD’s (6 pump handles).
Rialto is a city in San Bernardino County, California, United States. The population was 99,171 with the 2010 Census.
Rialto is home to major regional distribution centers: Staples Inc., which serves stores across the entire West Coast of the United States, Under Armour and Target in the northern region of the city, in the Las Colinas community. One of the United States’ largest fireworks companies, Pyro Spectaculars, is also headquartered in Rialto.