Published on: Tuesday, November 19, 2024
Updated on: Thursday, March 20, 2025
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Name: Tanweer Akhtar
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  7.5% cap rate! new chevron station for sale! (20-year pur...
7960 Wire Rd Zephyrhills Florida , 33540
7960 Wire Rd Zephyrhills Florida                                                                                             , 33540  Grimaldi Commercial Realty Corp.
Listing ID: CL-Florida-13461

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 3.05
Net Operating Income: $246,000.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Florida-13461
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1986
Building Size: 2,400.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Offering Memorandum.pdf ( 3,442.98KB)
Listing Summary
The Elite Storage Group of Calvary Realty is proud to present Austin Road Self Storage, a premium Class-A storage facility located at 183 S Austin Road in Manteca, California.
Complete Details
Year Build: 1986
Building Size: 2,400
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". The Elite Storage Group of Calvary Realty is proud to present Austin Road Self Storage, a premium Class-A storage facility located at 183 S Austin Road in Manteca, California. Positioned within the growing Stockton-Lodi Metropolitan Statistical Area, this facility is strategically located near major highways and new residential developments, including a 797-home Lennar community. Built in 2022, the property spans 2.76 acres and offers 48,650 rentable square feet of storage space across 373 units, with a current physical occupancy of 85%. The modern construction features nine metal and steel buildings designed for optimal functionality and tenant convenience, with all units offering drive-up access. Austin Road Self Storage includes advanced security features, such as motion detectors, providing a safe and secure environment for tenants. The facility also boasts an on-site management office and apartment, making it convenient for operations and customer service. With below-market rents and occupancy reaching 85% in less than two years, there is significant upside potential for investors to capitalize on continued growth. The average household income in the area is $118K, and the property benefits from high traffic visibility, with a count of 16,871 vehicles passing daily on nearby Austin Road. This trophy property represents a strong investment opportunity in a rapidly expanding area. The facility's prime location, excellent build quality, and proximity to major urban centers like Sacramento, San Francisco, and San Jose make it a rare asset in the self-storage market. Priced at $11,400,000 with a cap rate of 3.05%, Austin Road Self Storage is well-positioned for long-term success and future appreciation.

Additional Properties
Property Highlights
  • BRAND NEW 4-PUMP CHEVRON STATION WITH FAMOUS "HARRY'S FOOD MART" C-STORE IN THE HEART OF ZEPHYRHILLS, FL!
  • LOCATED DIRECTLY ACROSS THE STREET FROM THE BRAND NEW "ABBOTT PARK" DEVELOPMENT!
  • THE "ABBOTT PARK" DEVELOPMENT IS A NEW COMMUNITY WITH OVER 514 SINGLE FAMILY HOMES!
  • 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS! 5% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE.
  • ASSUMABLE FINANCING AVAILABLE!
  • 7.5% CAP RATE IN 2024!
  • 8% CAP RATE IN 2029!
  • 8.25% CAP RATE IN 2034!
  • 9% CAP RATE IN 2039!
  • 9.25% CAP RATE IN 2044!
  • RECENT SITE RENOVATIONS INCLUDE NEW HVAC, NEW ROOF, NEW TANKS, NEW PUMPS, NEW CANOPY, NEW SIGNAGE, NEW PAINT, AND NEWLY RENOVATED INSIDE STORE WITH MANY INTERIOR UPDATES!
  • STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
Features
  • Gas Pumps: 4
  • APN: 35-25-21-0010-00400-0041
  • Rent Bumps: 5% EVERY 5 YEARS
  • Lot Size (acres): 1.07
  • Pro-Forma Cap Rate: 9.25%
  • Pro-Forma NOI: $284,776
  • Tenant Credit: Corporate Guarantee - Tenancy: Single
  • Brand/Tenant: Chevron
  • Lease Term: 20 years
  • Lease Expiration: 03/10/2044
  • Remaining Term: 20 years

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Ultimate Mortgage Lenders Mortgage Lenders Jason Tylor (954) 849-7745 Request Quote
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904 N U.S. Hwy 287 , Fort Collins Colorado                                                                                             80524
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708 N 29th St , Monroe Louisiana                                                                                            71201
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8800 S OH-201 , Tipp City Ohio                                                                                                 45371
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177 Fairview Rd, Millsap, TX 76066 & 205 Tolar Cemetery Rd , Tolar Texas                                                                                                76476