76 Gas - Net Lease Property for Sale
Long Beach, CA
Key Investment Metrics
Price
$3,826,087
Cap Rate
5.8%
Net Operating Income
$220,000
Building Size
793 SF
Lot Size
793 SF
Land Area
0.41 Acres
Remaining Term
8.5 years
Lease Expiration
06/29/2034
Lease Term
20 years
Lease Commencement
07/01/2014
Lease Type
Absolute NNN
Year Built
1960
Occupancy
100%
Tenancy
Single
Rent Increases
7.50% Increase in July 2029
About This 76 Gas Net Lease Property
This 76 Gas NNN (triple net lease) property is located in Long Beach, CA and represents an excellent investment opportunity for commercial real estate investors. The property features 793 square feet of building space and was built in 1960.
With a cap rate of 5.8%, this 76 Gas net lease property offers stable income potential. The asking price is $3,826,087, making it an attractive option for 1031 exchange investors seeking quality 76 Gas commercial properties.
Why Invest in 76 Gas NNN Properties?
- Stable Income: 76 Gas net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: 76 Gas is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Long Beach, CA Market Overview
Located in Long Beach, CA, this 76 Gas property benefits from strong local demographics and market fundamentals. The Long Beach area offers excellent visibility and accessibility, making it an ideal location for 76 Gas operations and a solid investment for net lease property buyers.