200 Five Cities Drive

    Pismo Beach, CA 93449
    • $1,700,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: SR18234552
    UPDATED: 45 min ago
    $1,700,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,696
      SQFT
    • $631
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1997
    County:

    School Ratings & Info

    Description

    200 Five Cities Drive., operating as Pismo Beach Shell Gas & Sams Food Market is a two-story, single tenant fuel station and convenience store located in the City of Pismo Beach, California. The building construction is of unknown framing with a pitched metal Loc-Panel roof and painted stucco exterior. Development was completed in 1997 and per city building permits, the structure consists 2,696+/- square feet of improvements, situated on a 12,555+/- square foot lot, currently zoned C1 with a use code of retail gasoline station and convenience store.The Fee-Simple Shell Gas Station features a convenience store, water & air station, 6 on-site parking spaces, picnic area and four dual-sided fuel dispensers providing a total of 8 gas pumps.The current tenant, Valley Convenience Stores, Inc. is operating on the second option of an absolute NNN lease. The tenant is paying fixed annual rental rate of $26.71, which calls for 0 increases through both the current option expiring in 2027 and subsequent following option expiring in 2037.The subject property is situated off of Five Cities Dr. on the South 101 Corridor. The property is centrally located on a highly trafficked street averaging a traffic count of 15,700 cars in 2017 and surrounded

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-18T12:30:18.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/87951908

    200 Five Cities Drive Pismo Beach, CA 93449

    • Price: $1,700,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: SR18234552
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    2,696
    SQFT
    $631
    $/SQFT
    1997
    Built
    Neighborhood:
    PSMO - Pismo Beach
    County:
    San Luis Obispo
    Area:
    PSMO - Pismo Beach
    Property Description
    200 Five Cities Drive., operating as Pismo Beach Shell Gas & Sams Food Market is a two-story, single tenant fuel station and convenience store located in the City of Pismo Beach, California. The building construction is of unknown framing with a pitched metal Loc-Panel roof and painted stucco exterior. Development was completed in 1997 and per city building permits, the structure consists 2,696+/- square feet of improvements, situated on a 12,555+/- square foot lot, currently zoned C1 with a use code of retail gasoline station and convenience store.The Fee-Simple Shell Gas Station features a convenience store, water & air station, 6 on-site parking spaces, picnic area and four dual-sided fuel dispensers providing a total of 8 gas pumps.The current tenant, Valley Convenience Stores, Inc. is operating on the second option of an absolute NNN lease. The tenant is paying fixed annual rental rate of $26.71, which calls for 0 increases through both the current option expiring in 2027 and subsequent following option expiring in 2037.The subject property is situated off of Five Cities Dr. on the South 101 Corridor. The property is centrally located on a highly trafficked street averaging a traffic count of 15,700 cars in 2017 and surrounded
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00

    Interior Features

    Condo Area Units Square Feet Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Asset Class RetailSpecialty Building Area Units Square Feet Building Status Existing Business Type Convenience StoreGas Station Cap Rate 4.24 Country Us Current Use Comments Existing Lease Type: Nnn Land Use Retail Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN Yes Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 72000.00 Number Of Units Leased 1 Occupancy Occupied Property Sub Type Retail Special Listing Conditions Standard Total Expenses 0.00 Total Monthly Rent 6000 Water Source Public

    Listing provided courtesy of Raymond Rodriguez of Keller Williams Realty Calabasas.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-18T12:30:18.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Pismo Beach Homes Team | Keller Williams Realty Central Coast
    350 James Way
    Pismo Beach CA, 93449