490 Devlin Road
Napa, CA
Price:
$8,711,000
Cap Rate:
4.25%
NOI:
$370,233
Building Size:
Approx. 3,560 Sq. Ft.
Lot Size:
Approx. 1.54 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 3,560+/- SF Building on 1.54+/- Acre Site
- Brand New 15-Year Absolute NNN Lease w/ 10% Rent Bumps Every 5 Years
- 7-Eleven Has Never Defaulted on a Lease and Averages Over 43 Yrs Occupancy
- Near Walmart, Safeway, Dollar General, Planet Fitness, Target, The Home Depot
- Strong Income Demos with $156,042 within a 1-mile Radius
- Special Tax Advantages Afforded to Gas Stations
- Napa | Greater Sacramento MSA