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Quik Stop NNN Gas Station | 8+ Years Remains 1301 E Service Rd 2,820 SF 100% Leased Retail Building Ceres, CA 95307 $2,796,212 CAD ($991.56 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Current 5.75% Cap Rate – Based on the asking price of $1,995,000 and current NOI.
- Single-Tenant NNN Investment – Quik Stop Markets, Inc. operates under a NNN lease structure, offering investors a passive ownership profile.
- Established Operating History – The site has long-term Quik Stop tenancy and original ownership history, supporting continuity at the location.
- Scheduled Rent Growth – Lease includes future rental increases, with current annual rent of $114,720 and projected growth through future option period
- 8+ Years of Lease Control – Tenant has control through April 30, 2035, with additional renewal options extending through 2060.
- Service Road & Morgan Road Corner Location – The property is positioned at a visible corner in Ceres, within the Modesto MSA and Central Valley trade.
Executive Summary
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.
The Property is located at 1301 Service Rd in Ceres, California, within the Modesto MSA and Central Valley trade area. Positioned at the Service Road and Morgan Road intersection, the site serves a mix of local neighborhood traffic, commuter movement, and daily-needs customers. The location benefits from its established Ceres setting, surrounding residential demand, and regional access within Stanislaus County’s broader commercial corridor.
The Property is located at 1301 Service Rd in Ceres, California, within the Modesto MSA and Central Valley trade area. Positioned at the Service Road and Morgan Road intersection, the site serves a mix of local neighborhood traffic, commuter movement, and daily-needs customers. The location benefits from its established Ceres setting, surrounding residential demand, and regional access within Stanislaus County’s broader commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,820 SF
Building Class
C
Year Built
1990
Price
$2,796,212 CAD
Price Per SF
$991.56 CAD
Cap Rate
5.75%
NOI
$160,793 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
0.67 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 053-52-34 | Improvements Assessment | $1,005,692 CAD |
| Land Assessment | $696,240 CAD | Total Assessment | $1,701,932 CAD |
Property Taxes
Parcel Number
053-52-34
Land Assessment
$696,240 CAD
Improvements Assessment
$1,005,692 CAD
Total Assessment
$1,701,932 CAD
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Quik Stop NNN Gas Station | 8+ Years Remains | 1301 E Service Rd
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