1301 E Service Rd, Ceres, CA for sale

Investment Overview

The offering provides investors the opportunity to acquire the fee simple interest in a single-tenant Quik Stop Markets, Inc. fuel and convenience store leased on a NNN basis. The asset features current annual rent of $114,720, an asking price of $1,995,000, a 5.75% cap rate, approximately 8+ years of current lease control through April 30, 2035, and five additional 5-year renewal options through 2060, with the tenant operating under the broader EG America / Cumberland Farms platform.

Investment Highlights

• Current 5.75% Cap Rate – Based on the asking price of $1,995,000 and current NOI.
• Scheduled Rent Growth – Lease includes future rental increases, with current annual rent of $114,720 and projected growth through future option periods.
• Single-Tenant NNN Investment – Quik Stop Markets, Inc. operates under a NNN lease structure, offering investors a passive ownership profile.
• 8+ Years of Lease Control – Tenant has control through April 30, 2035, with additional renewal options extending through 2060.
• Established Operating History – The site has long-term Quik Stop tenancy and original ownership history, supporting continuity at the location.
• Corporate Convenience Store Platform – Quik Stop is part of the broader EG America / Cumberland Farms convenience store platform.
• Service Road & Morgan Road Corner Location – The property is positioned at a visible corner in Ceres, within the Modesto MSA and Central Valley trade area.
• Fee Simple Real Estate – Opportunity to acquire the fee simple interest in the real property, subject to the existing Quik Stop NNN lease.
• Potential Tax-Oriented Benefits – As a fee-simple convenience/fuel retail asset, the property may offer tax-oriented planning considerations; buyer to consult their tax advisor.