Price: $3,822,000 | Cap Rate: 6.75% | NOI: $258,000
BRAND NEW 2024 CONSTRUCTION 19-YEAR ABSOLUTE NNN LEASE
This Shell and Fast Stop Express is a newly built 2024 asset backed by a 19-year absolute NNN lease with 2% annual rent increases, offering a long-term, inflation-hedged investment in an essential service sector.
HIGHLY TRAFFICKED RETAIL HUB WITH MAJOR NATIONAL TENANTS
The property is surrounded by a dense cluster of national retailers—including Super 1 Foods (572.3K visits/year), McDonald’s (519.5K), Walgreens (326.3K), and others—driving strong daily traffic and retail synergy. According to Placer.ai, this established cotenancy fuels consistent consumer flow and reinforces the area’s position as a core retail destination.
PRIME INTERSTATE VISIBILITY I-10 & REES STREET FRONTAGE
Located directly off Interstate 10 (±46,000 VPD) and Rees Street (±17,000 VPD), the property benefits from excellent access and visibility. It also sees additional exposure from East Mills Avenue (LA-94, ±13,000 VPD), positioning it in the heart of a high-flow traffic node frequented by regional commuters and local residents alike.
ESSENTIAL DAILY-NEEDS TENANT WITH GROWING CONVENIENCE FOOTPRINT
Fast Stop Express and Shell serve as high-frequency, essential-use tenants that attract repeat local and transient customers. Their operations align with ongoing trends favoring convenience-based retail supported by fuel, quick-grab items, and car-related services.