Circle K Mobil 21440 Yorba Linda Boulevard, Yorba Linda, CA Cap Rate 4% Yorba Linda ( California, US ) Built

$5,075,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 972 sq. ft.
  • Development Level: Built
  • Lot Size: 0.43 acres
  • Year Built: 1990

Description

Circle K Mobil 21440 Yorba Linda Boulevard, Yorba Linda, CA Cap Rate 4%

NOI: $203,000
Building Size: 972 sqft
Lot Area: 0.43 acres
Occupancy: 100%
Year Built: 1990

Price: $5,075,000 USD

DESCRIPTION
Faris Lee Investments is pleased to offer the unique opportunity to acquire the fee simple interest in the dual branded Circle K / Mobil Gas property which is strategically located at the Main Entrance to a Grocery Anchored Shopping Center on Yorba Linda Blvd. at the signalized, hard corner of Yorba Linda Blvd. & New River Rd., in Yorba Linda, CA. The subject property is located as an out-parcel pad to a highly successful Smart & Final Extra Grocery Anchored Shopping Center and within one of the highest income communities in Southern California, Yorba Linda (Orange County). Tenants within the center include a high volume Smart & Final Extra (NAP), Jack in the Box (NAP), Anytime Fitness (NAP), Citibank (NAP), an office building occupied by Coldwell Banker among others. The lease is Corporate executed with Circle K Stores Inc., Absolute NNN with a 10% rent increase in 4 years (2024). In addition, Mobil Gas has occupied at this proven location since 1989 (31 years).
Circle K Stores Inc.: Private Company with 7,500 locations in the U.S. & Internationally. North America’s most popular & successful operator of convenience stores. Alimentation Couche-Tard Inc. is the strong Investment Grade Parent Company to Circle K Stores: Public Company (TSK:ATD-A,B). S&P Credit BBB- with 2019 Revenue of $59.1 Billion. In 2011, Exxon Mobil sold to Circle K Stores Inc. for this Yorba Linda location.

Yorba Canyon Center is ideally positioned at two (2) signalized, hard corner intersections, Yorba Linda Boulevard and New River Road. The property is located within a strong Orange County demographic trade area with a 2019 average household income in excess of $165,000 within a 3-mile radius of the subject property. Additionally, there are approximately 82,000 consumers and nearly 23,000 daytime employees within a 3-mile radius of the subject property.
Yorba Linda has one of the highest disposable incomes in all of Orange County, and has been consistently ranked as one of the most desirable communities in Southern California. Yorba Canyon Center is ideally positioned within this high-barrier-to-entry supply constrained community, home to some of the most affluent housing developments in Orange County. Furthermore, each commercial property and intersection has been meticulously planned to ensure long term success of the commercial properties and there with the Yorba Linda community. With a population of over 3 million people, Orange County is located in the heart of Southern California between Los Angeles and San Diego, and it’s the third most populous county in the US. It is a central metropolitan area with leading educational, cultural, and business institutions.

HIGHLIGHTS
• Corporate Executed Lease / Circle K Stores Inc.
• Strong Investment Grade Parent Company: Alimentation Couche-Tard Inc. / S&P Rating: BBB- / 2019 Revenue: $59.1 Billion
• Low Rent for a SoCal / Gas + C-Store Outparcel in a Grocery Anchored Center
• Circle K is currently only paying $203,000/yr
• Average of recently executed leases in SoCal is $300,000
• Essential Goods Tenant with Dual-Branding Concept
• Long-term security & stability for ownership as the tenant is Covid 19, recession proof, internet resistant, and considered an essential business for consumers
• 10% Rent Increases in 4-Years (2024)
• Long-term stability and security for the investor
• Absolute NNN Lease
• Main Entrance on Yorba Linda Blvd to a Grocery Anchored Shopping Center
• Extremely Rare Orange County, CA Real Estate
• Located in Top Orange County Retail Trade Area / Affluent Marketplace & Strong Demographics
• Long-Term Appreciation – Yorba Linda, CA
• Shopping Center Remodel in Near Future

For more infomation:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#439002876
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Information is deemed to be correct but not guaranteed.