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394 W. Ashlan Ave, Clovis, CA
Former Chevron station, fully demo’d and rebuilt. New tanks and dispensers. Brand new C-Store, 2 brand new fuel dispensers added. Anticipated opening May 2020.
Lease term: 15 year primary with options. 10% bumps every 5 years NNN (1 year roof and structure)
Lot Size: 40,075 Sqft (.92 Acres)
Store Size: 2,400 Sqft
Cap rate: Offered at 4.4% cap rate
SOLD AT 4.5% CAP